https://versalpartners.com/properties/lone-star-storage-center-portfolio/
Lone Star Storage Center – Odessa is located in Odessa, Texas (Odessa 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 389 non-climate and 189 climate-controlled units for a total of 70,210 NRSF. It also includes 138 uncovered parking spaces. The facility has a physical occupancy of 81% and an economic occupancy of 71%. The average unit size is 121 NRSF.
The facility is well located, with 115,824 people living within 5 miles and an average household income of $97,904. It is 0.4 miles from major retailers like Lowe’s, Music City Mall, and Walmart and only 1.2 miles from TX-338 Loop. It is also 1.2 miles from University of Texas – Permian Basin (student population of 5,900).
Construction highlights include concrete drives, metal and steel construction, gated keypad access, exterior lighting, perimeter fencing and an on-site office.
Lone Star Storage Center – Odessa is being offered for sale individually or as part of a portfolio. Contact Versal for pricing guidance.