4497 Main St - Self-Storage Facilities FOR SALE


Vidor, TX 77662- West Orange
$1,125,000 USD
281-398-4588
4497 Main St, Vidor, TX for Sale
$1,125,000 USD
Self-Storage Facilities - FOR SALE
1/16
null | 7.12% Cap Rate

4497 Main St
Vidor, TX 77662
West Orange


HIGHLIGHTS

  • 16,854 Vehicles Per Day on Hwy 105/Main St.
  • Only 4 Miles North of IH-10
  • Owners Have Rarely Raised Rental Rates
  • Very Few Competitors Within 3 Miles
  • Average Household Income of $85k+

OVERVIEW

R. Thomas Mini Storage is a 204 unit, 26,950 NRSF self-storage investment opportunity located on Highway 105 / Main St. in Vidor, Texas. The facility consists of 11 buildings across 4 sites totaling 1.82 acres and is seen by over 16,000 passing vehicles per day (Per TxDOT). Additionally, the facility is less than 5 miles from IH-10. Vidor is a well-located suburb on the edge of the “Golden Triangle” of Texas which refers to the broader market formed by the cities of Beaumont, Port Arthur and Orange. The Golden Triangle is the petrochemical capital of the Texas and is home to over 400,000 residents boasting average household incomes of over $85,000. Constructed in phases between 1997 and 2007, R. Thomas Mini Storage is an immaculately maintained self storage facility that has been “mom and pop” operated since its inception. Aside from the incremental addition of new buildings, the facility has undergone very few changes over the years and will benefit greatly from an experienced operator who can implement improved web presence, SEO, social media marketing, google ads, SpareFoot profile, etc. Additionally, the facility can be optimized for remote management with the addition of automatic gates and keypad access. Listed at a compelling price of just under $41/NRSF, R. Thomas Mini Storage is a true value-add opportunity that can be brought into the 21st century with relative ease.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

7.12%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

R Thomas Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

commercial

APN/PARCEL ID

010714-000290

ASK ABOUT THIS PROPERTY

Craig RiceCSD Realty CompanyMore Info
281-398-4588

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Craig RiceCSD Realty CompanyMore Info
281-398-4588

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