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700 S Interstate 45
Huntsville, TX 77340
Specialty Property For Sale
·
57,550 SF
Investment Highlights
- 37,670 SF of climate controlled self storage buildings; 1,200 SF on-site manager’s apartment
- All concrete drives throughout the buildings; Room for ~38 boat / RV storage spaces or future building expansion
- Two in place managers with split week schedules and a call center service as backup
- 1.6 miles from downtown Huntsville and Sam Houston State University; 230’ of Interstate 45 Frontage with over 48,000 VPD
- 10% rental rate increase in March of 2021 with zero net move-outs; Currently leased at 98% physical occupancy with a historical average of 89.51%
- Possible quick upside potential with the property currently operating at 85% economic occupancy
Property Facts
| Property Type | Specialty | Building Size | 57,550 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 1993 |
| Lot Size | 4.66 AC |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 4.66 AC |
| Building Size | 57,550 SF |
| No. Stories | 1 |
| Year Built | 1993 |
Amenities
- Signage
Property Taxes
| Parcel Number | 24053 | Improvements Assessment | $803,430 |
| Land Assessment | $353,300 | Total Assessment | $1,156,730 |
Property Taxes
Parcel Number
24053
Land Assessment
$353,300
Improvements Assessment
$803,430
Total Assessment
$1,156,730
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