115 Richwood Dr
Richwood, TX 77531
Extra Space Storage · Specialty Property For Sale · 74,825 SF

Richwood Self Storage is a 74,825 NRSF storage facility located in Richwood, TX. The facility is located on Highway 288-B 54 miles south of downtown Houston. Richwood is centrally located near Lake Jackson, Clute, Freeport and Angleton. Additionally, the facility is located 1.2 miles from Brazosport College, which has an enrollment of 4,196. Local employers include Dow Chemical, Dow Federal Credit Union and Zachary Industries. Construction highlights include concrete driveways, 20 steel and metal buildings, metal screw down roofs and exterior lighting. Richwood Self Storage is fully equipped with gated entry with keypad access, perimeter fencing and security cameras. The facility has an on-site leasing office and a manager’s apartment. Situated on over five acres there are several outdoor parking spaces. Richwood Self Storage contains 592 non climate, interior non-climate and outdoor parking units. The physical occupancy is currently 95%. The street rates are 15-20% below market. A new owner has significant upside potential to bring the street rates up to market averages. Significant operational upside includes adding a website, offering tenant insurance, online SEO, call center and retail sales. Richwood Self Storage was built in phases from 1984-1994 and has been owned by the same family for more than thirty years.