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405 North St - Rosewood Self Storage 13,300 SF Specialty Building Offered at $725,000 at a 6.13% Cap Rate in Vidor, TX 77662
Executive Summary
• Highly Occupied Self Storage Facility Comprised of 4,200 NRSF of Climate-Control Units and 9,100 NRSF of Non-Climate Units
• High Physical Occupancy Combined with a Lower Economic Occupancy Indicates Facility is Prime for Existing Customer Rent Increases
• Facility is Experiencing Positive Occupancy Trends Evidenced by a Net Gain of 1,250 SF in the Month of January
• Facility is a Prime Candidate for Remote Management with Automatic Gate, Keypad Access, Security Cameras, and Management Software Already In Place
• Low Climate-Control Supply in the Immediate Trade Area Bodes Well for Future Rent Increases
• Very Strong Average Household Income of $93,135 and a Growing Population of 21,650 Residents Within Five Miles of the Property
• Surging Economic & Population Growth in Southeast Texas Highlighted by a New 754-Megawatt Power Station Coming to Port Arthur, a $1.46B Investment That Will
Provide Reliable and Sustainable Energy to ~190,000 Homes.
• The Beaumont-Port Arthur MSA is the Tenth Largest in the State of Texas and is Home to 395,479 Residents
• High Physical Occupancy Combined with a Lower Economic Occupancy Indicates Facility is Prime for Existing Customer Rent Increases
• Facility is Experiencing Positive Occupancy Trends Evidenced by a Net Gain of 1,250 SF in the Month of January
• Facility is a Prime Candidate for Remote Management with Automatic Gate, Keypad Access, Security Cameras, and Management Software Already In Place
• Low Climate-Control Supply in the Immediate Trade Area Bodes Well for Future Rent Increases
• Very Strong Average Household Income of $93,135 and a Growing Population of 21,650 Residents Within Five Miles of the Property
• Surging Economic & Population Growth in Southeast Texas Highlighted by a New 754-Megawatt Power Station Coming to Port Arthur, a $1.46B Investment That Will
Provide Reliable and Sustainable Energy to ~190,000 Homes.
• The Beaumont-Port Arthur MSA is the Tenth Largest in the State of Texas and is Home to 395,479 Residents
Property Facts Under Contract
| Price | $725,000 | Building Class | B |
| Price Per SF | $54.51 | Lot Size | 0.76 AC |
| Sale Type | Investment | Building Size | 13,300 SF |
| Cap Rate | 6.13% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1994 |
| Property Subtype | Self-Storage | ||
| Zoning | C - Commercial | ||
| Price | $725,000 |
| Price Per SF | $54.51 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 0.76 AC |
| Building Size | 13,300 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Zoning | C - Commercial |
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 009594-000020 | Improvements Assessment | $348,077 |
| Land Assessment | $32,974 | Total Assessment | $381,051 |
Property Taxes
Parcel Number
009594-000020
Land Assessment
$32,974
Improvements Assessment
$348,077
Total Assessment
$381,051
Contacts
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Justin Clark -
Josh Snead -
David Perlleshi -
Frank DeSalvo -
Ryan Bohls -
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405 North St - Rosewood Self Storage
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