Rethink Self Storage
For sale24365 TX 124, Hamshire, TX 77662
$2,150,00028,100 SF
Self Storage193 units2021
Unit / Space count
193
Price
$2,150,000
Cap Rate
6.88%
Building size
28,100 SF
Year built
2021
Lot size
172,498 SF
Number of buildings
2
Sold/status
On Market
Carport spaces
10
Uncovered spaces
9
Property highlights
- Cash-Flowing Self Storage Facility Comprised of 133 Climate-Control Units Totaling 15,100 NRSF, 50 Non-Climate Units Totaling 5,500 NRSF, 10 Covered Parking Rentals and 9 Outdoor Parking Rentals
- Facility Sits on Two Parcels Totaling 3.96 Acres and Deal Includes Approved Expansion Plans Allowing for the Development of an 18,000 SF Storage Building
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales
- Facility is an Excellent Candidate for Continued Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Limited Competition in the Immediate Trade Area With No Other Self Storage Facilities Within Five Miles
- Average Household Income of $102,424 Within Five Miles of the Property
- The Houston-Pasadena-The Woodlands MSA is the 2nd Largest in the State of Texas and is Home to 7,904,627 Residents
Broker Of Record Ryan Bohls Texas BOR License No. 575430 Firm License No. 9013618 813-839-7300 FSIVS@FranklinSt.com FSFP Austin, LLC