508 E Main St
Clute, TX 77531
Clute Affordable Storage · Specialty Property For Sale · 46,785 SF

Affordable Storage represents an investment opportunity with all of the elements that an investor would look for: high-density location, excellent demographics, high barriers to entry, growing population and a recently constructed Class A facility that offers stabilized returns. Clute Affordable Storage is located at 508 East Main Street, in Clute, Texas and is situated on approximately 2.4 acres. The bulk portion of the asset was constructed in 2008 or later and consists of 452 units with a total of 46,785 net rentable square feet. Affordable Storage currently has a physical occupancy of 100 percent. This represents an excellent opportunity for a investor to purchase a quality self-storage asset in a growing community. Immediate upside in revenue may be realized by increasing rental rates and maintaining high-efficiency operation. By managing the property effectively an investor has an opportunity to increase the current cash flows and take advantage of a stabilized, market-leading asset for a long-term hold. The property is located in the Lake Jackson MSA, approximately 50 miles due south of Houston, which is an area that has one of the strongest economies in the nation. The main economic drivers in Clute/Lake Jackson are the petro-chemical and construction industries. Specific to Affordable Storage' s location, the average household income is approximately $70,806 in the three-mile demographic area. Population growth is still trending at a rapid pace with a 8 percent increase from 2010-2014 alone. Current population estimates in the five-mile radius from the facility are about 51,000 people.