743 Jennetta St
Rosenberg, TX 77471
Texas Storage · Specialty Property For Sale · 43,683 SF

Texas Storage is a pride of ownership retail location self storage facility located in the dynamic Houston suburb of Rosenberg, Texas. The facility features all non-climate controlled units, boat / rv and parking units. The facility is currently 92% occupied (sq. ft.) with rental rates well below market averages. Texas Storage has been individually owned by two different owners since being developed in 1980 and expanded in 1984. Current ownership has not taken advantage of several opportunities to significantly increase net operating income. There is no revenue management plan, tenant insurance is not offered rental rate increases to existing tenants are sporadic and random. Very little advertising is done aside from occasionally presence on Sparefoot. Current ownership still uses Sitelink stand alone. Rosenberg is one of the fastest growing suburbs of Houston. The area has close proximity to Grand Parkway, Highway 90 and Beltway. Neighboring suburbs of Katy and Richmond are close by and seeing explosive growth as well. The area retailers surrounding the facility include Fiesta Mart, McDonalds (directly next door), Amegy Bank, Walgreens and O’Reilly Auto Parts. An additional value feature is expansion room included on the back of the property currently being used for outdoor parking. These parking spots are rented for $55 / month with the market average being $80-$90. New ownership could add an additional building, cover the parking spots or build portable units.