https://versalpartners.com/properties/simple-self-storage/
Simple Self Storage is located in Corpus Christi, Texas, along the Texas Gulf Coast.
The property features 24 climate-controlled units, 112 non-climate units, two office spaces, and one storage building for a total of 34,296 NRSF. It also includes 35
uncovered boat/RV parking spaces. Current physical occupancy is 96%, giving a new owner the opportunity to increase revenue by raising rates. There is always a
waiting list at the facility and the rates are well below the market average. The average unit size is 230 NRSF.
There are two sizable, modernized offices onsite. The front office is dedicated to self-storage leasing and is 800 square feet, and the other is an attached 1,797
square foot office that State Farm Insurance currently leases. The State Farm office has a full kitchen and bath. The property also includes +/- 13,350 NRSF of
expansion potential behind the gate, as well as +/- 1.5 acres of expansion land with frontage along Holly Road.
An additional stream of revenue that conveys with this opportunity is the 120’ cell phone tower on property with T-Mobile, Verizon, and Direct TV.
Simple Self Storage is well located on the highly trafficked Holly Road and is only 0.8 miles from TX-358 and 1.2 miles from major retailers like Walmart, Lowe’s,
and Target. Naval Air Station Corpus Christi is located 4.3 miles away and has an estimated base occupancy of 43,287. The Texas A&M – Corpus Christi campus is
located 2.6 miles away and has a student population of roughly 10,700. A 5-mile radius around the property includes a population of 194,316 with an average
household income of $98,239.
Construction highlights include concrete drives, windstorm rated metal and steel buildings/doors, all LED lights, gated keypad access, 24-hour internet security, perimeter fencing, and an on-site office/retail component.
Please contact Versal for pricing guidance.