3310 US 69 Access Rd N - AA Self Storage
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3310 US 69 Access Rd N - AA Self Storage
80,600 SF Speciality Building Offered at £7,049,700 in Nederland, TX 77627
Investment Highlights
- Located in Nederland, TX
- 4.8 Miles from Lowe’s Home Improvement Store
- 10.5 Miles from Interstate 10
- 3.7 Miles from Walmart Supercenter
- 7.1 Miles from H-E-B
- 10.8 Miles from Downtown Beaumont
Executive Summary
AA Self Storage is a Class “A”, 80,600 NRSF self storage facility in Nederland, Texas. The facility has frontage on Highway 96 and is 10.5 miles from Interstate 10. Interstate 10 is the dominant east-west corridor in the United States and crosses the entire state of Texas. Downtown Beaumont is 10.7 miles from AA Self Storage. 2016 construction highlights include concrete driveways, metal, and steel construction with exterior lighting. Security features include fully equipped gated entry and keypad access, perimeter fencing and security cameras. AA Self Storage consists of 628 units, 82% of which are climate controlled. The property has a current physical occupancy of 69% and economic occupancy of 59%. The facility is mom and pop owned and managed, leaving a new owner significant opportunity to add industry best practices not currently being utilized. There is no revenue management system in place, in place rates are rarely increased and tenant insurance is not aggressively pushed. Additionally, ownership and management have not implemented any type of marketing and advertising other than a website and sporadic search engine optimization. The demographics surrounding AA Self Storage are outstanding. The one, three and five mile average household incomes all exceed $100,000. Population in the three mile radius is 32,621. AA Self Storage has an asking price of $9,000,000. In addition to an attractive pro-forma cap rate at economic stabilization, the facility is priced at $112 / NRSF.
Property Facts
Price | £7,049,700 | Building Class | B |
Price Per SF | £87 | Lot Size | 4.30 AC |
Sale Type | Investment | Building Size | 80,600 SF |
Property Type | Speciality | Number of Floors | 1 |
Property Subtype | Self-Storage | Year Built | 2006 |
Price | £7,049,700 |
Price Per SF | £87 |
Sale Type | Investment |
Property Type | Speciality |
Property Subtype | Self-Storage |
Building Class | B |
Lot Size | 4.30 AC |
Building Size | 80,600 SF |
Number of Floors | 1 |
Year Built | 2006 |
Amenities
- Signage
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PROPERTY TAXES
Parcel Number | 049401-000-072040-00000 | Improvements Assessment | £8,251,512 |
Land Assessment | £293,300 | Total Assessment | £8,544,812 |
PROPERTY TAXES
Parcel Number
049401-000-072040-00000
Land Assessment
£293,300
Improvements Assessment
£8,251,512
Total Assessment
£8,544,812
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3310 US 69 Access Rd N - AA Self Storage
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