Titan Self Storage
For sale3249 25th Street, Port Arthur, TX 77642
$2,275,000222 units31,900 SF
Self Storage$10,248/unit$71/SF1965
Property type
Self Storage
Unit / Space count
222
Price
$2,275,000
Rentable area
31,900 SF
Year built
1965
Occupancy
84.65%
Stories
1
Lot size
2.42 Acres
Number of buildings
6
Price per SF
$71.32
Property description
Broker of Record Ryan Bohls Texas BOR License No. 575430 Firm License No. 9013618 813-839-7300 [email protected] FSFP Austin, LLC
Property highlights
- Recently Stabilized Self Storage Facility Comprised of 54 Climate-Control Units Totaling 5,550 NRSF, 168 Non-Climate Units Totaling 26,350 NRSF, and 6 Outdoor Parking Rentals
- Extremely Limited Competition in the Immediate Trade Area Evidenced by a Market Saturation Rate of 3.0 Within Three Miles of the Facility
- Deal Includes Adjacent Tow Lot that Can Be Rented Out as Has Been Done Previously or Used for the Construction of Additional Storage Buildings
- Seller Financing Available. Contact Broker for Additional Details
- Low SF/Capita and Below Market Rates Bode Well for the Immediate Implementation of Existing Customer Rent Increases
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Over $86,000 Invested in Cap/Ex Improvements Since Early 2023 Including New Automatic Gate, New HVAC System, Full Exterior Paint Job, Upgraded Lighting & Security, and Extensive Roof Repairs
- Excellent Demographics Featuring a Population of 76,867 Residents and an Average Household Income of $78,164 Within Five Miles of the Property
- The Beaumont-Port Arthur MSA is Located Approximately 80 Miles East of Downtown Houston and is Home to 399,310 Residents