Store It All Storage Kingwood is a class “A” self storage opportunity located in one of the premier Houston, Texas suburbs of Kingwood. The facility has tremendous visibility from Highway 59 – a major north-south freeway connecting north and south Houston. Kingwood is one of the most established and desirable suburbs and home to one of the top rated public school districts in the state. The demographics surrounding the facility are exceptional – 41,532 people in a three mile radius and an average household income of $87,296.
Economic highlights include physical occupancy consistently above 92% and rental rates slightly below market. The facility is 100% climate controlled with room to add portable units or additional parking. There is a marketing leading Penske truck rental operation. Ownership has not consistently increased street rates on existing tenants leaving new ownership the opportunity to increase in rates.
Storage It All Storage Kingwood has been maintained to the highest of institutional standards. Recent capital expenditures include all interior painting and driveway and asphalt repairs. The facility is two stories and constructed of steel and metal. This investment opportunity presents a new owner the opportunity to own a trophy, pride of ownership located self storage facility with the ability to achieve double digit cash on cash returns.
