515 State Highway 156 - Self-Storage Facilities FOR SALE


Pointblank, TX 77364
$2,550,000 USD
281-398-4588
515 State Highway 156, Pointblank, TX for Sale
$2,550,000 USD
Self-Storage Facilities - FOR SALE
1/13
null | 4.92% Cap Rate

515 State Highway 156
Pointblank, TX 77364


HIGHLIGHTS

  • Each Facility is Within 1 Mile From a Public Boat Launch
  • Strategic Location on Lake Livingston
  • Security Gates for Covered Parking Spaces
  • Minimal Web Presence
  • Owners Have Rarely Raised Rental Rates

OVERVIEW

The Point Blank Storage Portfolio is a 3 property self-storage investment opportunity consisting of 256 units totaling 80,595 NRSF in Point Blank and Coldspring, Texas. The 3 sites total 6.6 acres and are each less than one mile from Lake Livingston which is the second largest lake in Texas. The area serves as a popular recreational destination for Texas residents of the Greater Houston area which is just a one hour drive via U.S. Highway 59 and TX-150. TX-150 & U.S. Highway 59 also provide convenient, 50-minute drive-times to Lake Conroe and Bush intercontinental Airport (IAH) from the Coldspring/Lake Livingston area. Constructed separately from 1983 to 2024, each facility has been immaculately maintained by the current owner. The 15 metal-over-steel buildings feature a mix of non-climate self-storage, enclosed boat storage and canopy parking for boats and RV’s. The facility’s self-storage buildings feature concrete foundations, and a mix of swing-doors and garage style roll-up doors. The Boat & RV canopies feature a gravel parking surface and can accommodate a variety of vehicle sizes. The Point Blank Storage Portfolio offers an attractive day-one return with several immediate value-add opportunities. Most notably, there is upside in the current physical occupancy which has fluctuated as the owner has constructed new buildings over the years. A new owner can attract new customers by implementing Website SEO, social media marketing, Google Ads, SpareFoot profile, and running move-in specials. Simultaneously, a new owner can boost revenue by gradually increasing rental rates for longstanding tenants who have few other suitable options for storage in the area. It is also recommended that a new owner offer tenant insurance to new and existing customers as an ancillary income stream.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

4.92%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Point Blank Storage Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.6 AC

LAND SF

287,496 SF

ZONING

-

APN/PARCEL ID

-

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.