This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5009 FM 1764 Rd
La Marque, TX 77568
High Point Storage Lago Mar · Specialty Property For Sale
·
142,300 SF
PROPERTY FACTS
| Property Type | Specialty | Building Size | 142,300 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | B | Year Built | 2017 |
| Lot Size | 10.33 AC |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 10.33 AC |
| Building Size | 142,300 SF |
| No. Stories | 1 |
| Year Built | 2017 |
AMENITIES
- Property Manager on Site
- Signage
- Air Conditioning
ABOUT 5009 FM 1764 RD , LA MARQUE, TX 77568
High Point Storage Lago Mar is a class “A” 133,490 NRSF self-storage facility in Texas City, Texas. The facility consists of 597 climate, non-climate and enclosed boat/rv units. The facility is located just west of Interstate 45 on FM 1485. There are new residential neighborhoods and national retailers with close proximity to High Point Storage. Lago Mar residential development is a 7,000-home master planned community located adjacent to High Point Storage. The development will take ten years to complete and encompass more than 2,000 acres of single family, multi-family and commercial development. Home builders Castle Rock, Ashton Woods and Saratoga are a few of the many homebuilders developing in Lago Mar. Construction highlights for High Point Storage include concrete driveways, metal buildings, steel framing and standing seam roofs. The facility is equipped with exterior lighting, security cameras, perimeter fencing and gated entry with keypad access. High Point Storage has a large two story on-site office and apartment. The office has ample space for retail sales, truck rental leasing and customer meeting space. Situated on 9+ acres, current ownership has plans for phase two construction of an additional 20,000 NRSF. High Point Storage opened in 2017 and achieved 80% occupancy in six months. Occupancy and rental rate increases have consistently outpaced the Texas and national averages. Current ownership has not aggressively raised rates on existing tenants or instituted tenant insurance plans. Tenant insurance is not offered and rental rate increases to existing tenants is sporadic. The current physical occupancy is 95% and economic occupancy is 74%. Offers are due July 9th, 2019.
PROPERTY TAXES
| Parcel Number | 3969-0001-0001-000 | Improvements Assessment | $7,665,660 |
| Land Assessment | $2,534,340 | Total Assessment | $10,200,000 |
PROPERTY TAXES
