https://versalpartners.com/properties/lone-star-storage-center-portfolio/
Lone Star Storage Center – Cypress is located in Cypress, Texas (Houston MSA). This is a rare opportunity to acquire a class “A”, family-owned and operated facility in an institutional-quality market. The property has never been listed for sale until now.
The property features 322 non-climate, 251 climate-controlled, and 20 office/warehouse units for a total of 91,150 NRSF. It also includes 5 uncovered parking spaces. The facility has a physical occupancy of 81% and an economic occupancy of 73%. The average unit size is 154 NRSF. The office/warehouse units receive such high demand that they have been removed from the website to reduce inquiries.
The facility is well located, with 304,969 people living within 5 miles and an average household income of $126,659. NRSF per capita within 3 miles is 6.03 NRSF. It is 1.3 miles from Grand Parkway Toll Road and only 1.5 miles from major retailers, including Walmart, Kroger, and Aldi. Access to US-290 is 6.2 miles away.
Construction highlights include concrete drives, metal and steel construction, gated keypad access, exterior lighting, perimeter fencing, security cameras, and an on-site office.
Lone Star Storage Center – Cypress is being offered for sale individually or as part of a portfolio. Contact Versal
for pricing guidance.