RV & Boat Storage with Expansion Opportunity | 17729 Hwy 155 S
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RV & Boat Storage with Expansion Opportunity 17729 Hwy 155 S
32,360 SF 62% Leased Industrial Building Flint, TX 75762 £987,512 (£31/SF) 4.38% Net Initial Yield
Investment Highlights
- Size: 32,360 SF of total storage space on 4.939 acres
- Occupancy: 62% of units currently rented, with ongoing leasing of new building
- Traffic Count: 19,370 vpd on Hwy 155
- Buildings: 3 buildings with a total of 71 units
- Location: Just outside Flint, TX city limits
- Land Upside: 1.7 acres open for additional development
Executive Summary
Invest in a premium RV and boat storage facility located just outside the city limits of Flint, TX. This property spans over 32,360 square feet on 4.939 acres and offers 71 well-maintained storage units across three separate newly constructed buildings.
The facility provides an attractive opportunity for immediate cash flow and future growth potential. It is currently 62% occupied; ongoing leasing of the newest building is trending occupancy toward 90%. For additional upside, 187 feet front Hwy 155 South adjacent to Family Dollar, and could be used for additional development of the existing use, resold, etc.
Positioned in a high-demand area, this property caters to RV and boat owners seeking secure and convenient storage, making it ideal for an investor looking to expand their portfolio in the storage sector.
The facility provides an attractive opportunity for immediate cash flow and future growth potential. It is currently 62% occupied; ongoing leasing of the newest building is trending occupancy toward 90%. For additional upside, 187 feet front Hwy 155 South adjacent to Family Dollar, and could be used for additional development of the existing use, resold, etc.
Positioned in a high-demand area, this property caters to RV and boat owners seeking secure and convenient storage, making it ideal for an investor looking to expand their portfolio in the storage sector.
Property Facts
| Price | £987,512 | Property Type | Industrial |
| Price Per SF | £31 | Rentable Building Area | 32,360 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 4.38% | Year Built/Renovated | 2006/2013 |
| Price | £987,512 |
| Price Per SF | £31 |
| Sale Type | Investment |
| Net Initial Yield | 4.38% |
| Property Type | Industrial |
| Rentable Building Area | 32,360 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 2006/2013 |
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PROPERTY TAXES
| Parcel Number | 1-00000-0018-27-008030 | Improvements Assessment | £306,439 |
| Land Assessment | £294,780 | Total Assessment | £601,220 |
PROPERTY TAXES
Parcel Number
1-00000-0018-27-008030
Land Assessment
£294,780
Improvements Assessment
£306,439
Total Assessment
£601,220
zoning
| Zoning Code | N/A (Not zoned. Outside City Limits.) |
| N/A (Not zoned. Outside City Limits.) |
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Samuel Scarborough CCIM -
Scarborough Commercial Real Estate
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RV & Boat Storage with Expansion Opportunity | 17729 Hwy 155 S
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