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700 S Interstate 45
Huntsville, TX 77340
I-45 & Scotsman Self Storage Portfolio · Specialty Property For Sale · 72,355 SF

INVESTMENT HIGHLIGHTS

  • $7,970,000
  • 90% Economic Occupancy & 94% Sq. F.t Occupancy
  • Expansion Room Included
  • 2 Locations (700 I-45 & 1956 Quality Blvd.)
  • 72,355 NRSF (Consolidated)

PROPERTY FACTS

Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 4.43 AC
Building Size 72,355 SF
No. Stories 1
Year Built 1993

AMENITIES

  • Property Manager on Site
  • Signage

ABOUT 700 S INTERSTATE 45 , HUNTSVILLE, TX 77340

Scotsman Storage and I-45 Self Storage are two pride of ownership self storage facilities located north of Houston in the growing city of Huntsville. These pride of ownership facilities are individually managed and operated despite having the same ownership. A new operator will be able to achieve immediate synergies by sharing management, staffing and marketing costs. The two properties are five minutes apart and serve different parts of Huntsville. Included with the offering is expansion room with both properties. I-45 Self Storage has a separate 3.713 acres tract of land directly next to the self storage facility. The storage facility and extra land both have excellent frontage and visibility on Interstate 45. Traffic counts on Interstate 45 exceed 65,000 vehicles per day. I-45 Storage features all climate controlled units and 38 outdoor parking spots. Scotsman Storage has a mix of climate and non-climate units. Both facilities have occupancy levels above 85%, indicating a need for expansion. Scotsman Storage features all concrete driveways, steel framing and metal roofing. I-45 Self Storage features the same construction qualities and includes an on-site apartment. Scotsman Storage & I-45 Storage total 781 units over 72,355 rentable square feet. This opportunity presents an attractive day one return with the ability to increase occupancy, rental rates and add additional units.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24053
Land Assessment
$353,300
Improvements Assessment
$803,430
Total Assessment
$1,156,730
  • Listing ID: 18394018

  • Date on Market: 2/3/2020

  • Last Updated:

  • Address: 700 S Interstate 45, Huntsville, TX 77340

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