4125 Brett St - Self-Storage Facilities FOR SALE


Corpus Christi, TX 78411- Downtown Corpus Christi
$6,800,000 USD
832-623-1690
4125 Brett St, Corpus Christi, TX for Sale
$6,800,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | Request Cap Rate

4125 Brett St
Corpus Christi, TX 78411
Downtown Corpus Christi


HIGHLIGHTS

  • $6,800,000 ($55/NRSF)
  • 3-Property Portfolio
  • Family Owned & Operated
  • Significant Management Upside
  • 869 Units, 123,950 NRSF
  • 78% Occupancy

OVERVIEW

https://versalpartners.com/properties/corpus-christi-storage-portfolio/ The Corpus Christi Storage Portfolio is a 3-property portfolio located at 4066 Crosstown Expy, 4125 Brett St, and 3817 Wow Rd in Corpus Christi, TX. The properties are conveniently located within a short drive of each other near the center of Corpus Christi. The properties have been family owned and operated since they were developed in the 1980’s and 1990’s. The family does not utilize any sophisticated management practices, does minimal advertising, and has not managed rental rates or occupancy. This portfolio presents an excellent opportunity for a new owner to increase revenue through improved management practices. The portfolio consists of 62 climate-controlled units and 807 non-climate-controlled units totaling 123,950 NRSF. The average unit size is 143 NRSF, and the portfolio is currently 78% occupied. The properties are all well located in the core of Corpus Christi. Major retailers like The Home Depot, McDonald’s, H-E-B, and Walmart are all within a short distance. Also nearby is Texas A&M Corpus Christi (10,700 student population) and Naval Air Station Corpus Christi. Downtown Corpus Christi is only 3.5 miles away from the Crosstown Mini Storage facility. A 5-mile radius around the properties includes an average population of 191,828 with an average household income of $85,331. Construction highlights include metal and steel construction, asphalt drives, on-site offices and apartments, perimeter fencing, and security features. The Corpus Christi Storage Portfolio is being listed for sale at $6,800,000 ($55/NRSF).

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corpus Christi Storage Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Parking Garage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.71 AC

LAND SF

161,608 SF

ZONING

-

APN/PARCEL ID

187191

ASK ABOUT THIS PROPERTY

Bill BellomyVersalMore Info
832-623-1690

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Bill BellomyVersalMore Info
832-623-1690

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