405 North St - Self-Storage Facilities FOR SALE


Vidor, TX 77662- West Orange
$725,000 USD
813-839-7300
405 North St, Vidor, TX for Sale
$725,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | 6.13% Cap Rate

405 North St
Vidor, TX 77662
West Orange


OVERVIEW

• Highly Occupied Self Storage Facility Comprised of 4,200 NRSF of Climate-Control Units and 9,100 NRSF of Non-Climate Units • High Physical Occupancy Combined with a Lower Economic Occupancy Indicates Facility is Prime for Existing Customer Rent Increases • Facility is Experiencing Positive Occupancy Trends Evidenced by a Net Gain of 1,250 SF in the Month of January • Facility is a Prime Candidate for Remote Management with Automatic Gate, Keypad Access, Security Cameras, and Management Software Already In Place • Low Climate-Control Supply in the Immediate Trade Area Bodes Well for Future Rent Increases • Very Strong Average Household Income of $93,135 and a Growing Population of 21,650 Residents Within Five Miles of the Property • Surging Economic & Population Growth in Southeast Texas Highlighted by a New 754-Megawatt Power Station Coming to Port Arthur, a $1.46B Investment That Will Provide Reliable and Sustainable Energy to ~190,000 Homes. • The Beaumont-Port Arthur MSA is the Tenth Largest in the State of Texas and is Home to 395,479 Residents

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rosewood Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C

APN/PARCEL ID

009594-000020

ASK ABOUT THIS PROPERTY

Justin ClarkFranklin StreetMore Info
813-839-7300

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Justin ClarkFranklin StreetMore Info
813-839-7300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.