608 Bayou st - Self-Storage Facilities FOR SALE


Refugio, TX 78377
$825,000 USD
512-809-9486
608 Bayou st, Refugio, TX for Sale
$825,000 USD
Self-Storage Facilities - FOR SALE
1/9
null | 8.3% Cap Rate

608 Bayou st
Refugio, TX 78377


HIGHLIGHTS

  • A 14,700 SF Self-Storage Facility on Approximately 2.55 Acres
  • Diversified Unit Mix Serving Residential and Small Business Demand
  • Below-Market Rental Rates Offering Immediate Revenue Upside
  • Operational Value-Add Through Self-Storage Software Implementation and Online Leasing
  • Opportunity to Increase Visibility and Occupancy Through Digital Marketing and Management Systems
  • Located Near Proposed TxDOT US 77 / I-69 Corridor Infrastructure Improvements

OVERVIEW

Marcus & Millichap is pleased to present 908 Bayou Street, a self-storage investment opportunity located in Refugio, Texas. Situated on approximately 2.55 acres, the facility consists of roughly 14,700 square feet of storage space and features a diversified unit mix designed to serve both residential and small business storage demand. The property offers significant operational upside through improved management and technology implementation. The current owner does not utilize modern self-storage management software, and the facility has limited online rental visibility, creating an opportunity for a new owner to implement digital leasing platforms, online marketing, and revenue management tools to streamline operations and increase occupancy. Additionally, the property currently maintains below-market rental rates, presenting a clear path to revenue growth through rate adjustments aligned with market levels. The facility also stands to benefit from the future TxDOT improvement project for US Highway 77 East, which proposes a new highway route near the subject property as part of the long-term development of Interstate 69 (I-69) through the Woodsboro and Refugio corridor. Increased traffic flow and infrastructure investment in the area could further enhance long-term visibility and demand for storage services in the surrounding market. With a flexible unit mix, operational improvements available through technology adoption, and potential benefits from regional infrastructure investment, 908 Bayou Street presents investors with a compelling value-add self-storage opportunity in South Texas.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Refugio Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jon DanklefsMarcus & MillichapMore Info
512-809-9486

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Jon DanklefsMarcus & MillichapMore Info
512-809-9486

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