Laguna Vista Self Storage is a class A self-storage facility in Laguna Vista, Texas.
The facility was built in 1999 and features all concrete driveways, roll-up doors, CMU cinder block construction and gated keypad entry. The facility is 100% non-climate controlled with 239 units / 51,840 NRSF.
Priced at $1,975,000 Laguna Vista Self Storage offers a new investor the opportunity to acquire a strategically located, value-add self-storage facility priced at replacement cost - $38 / NRSF. The current physical occupancy is 67% and economic occupancy is 72% with rents slightly below market averages.
The property is located on Ocean Boulevard. Ninety percent of vehicle traffic visiting Laguna Vista, Laguna Heights, Port Isabel or South Padre Island passes by Laguna Vista Self Storage. Average daily traffic counts exceed 6,000 VPD on Highway 100 near Laguna Vista Self-Storage. Additionally, the facility is only 6.0 miles from Queen Isabel Causeway the only bridge to and from South Padre Island. Other nearby attractions include South Padre Island Golf Club, Harlingen Airport (45 Minutes) and several national / regional retailers.
