The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of Storage Inc. in Galveston, TX.

Capitalize on the opportunity to invest in a premier self-storage asset in Galveston, TX. This 4-story facility, originally built in 1839 and renovated in 2006 and 2012, spans 0.4 acres and offers 26,936 NRSF across 344 climate-controlled units and 9 parking spaces. Since 2016, the Property has demonstrated strong historical occupancy and rent growth, with occupancies ranging from 93.6% to 98.8% and monthly rents moving from $37,500 to nearly $68,000 currently. This highly visible Property is strategically located on Church St, just a few blocks from Broadway Avenue J. This bustling thoroughfare is centrally located and hosts a variety of local businesses, including restaurants, shops, and services. Thousands of vehicles and pedestrians traverse this vibrant street daily, making it one of the city’s most trafficked and dynamic areas. Located near Market Street, a Mardi Gras alternative, this 175-year-old facility is listed on both the Texas and National Registry of Historic Buildings, according to the Texas Self Storage Association.

The Property is braced to endure a catastrophic hurricane and was among the few structures that withstood the devastating 1900 hurricane that struck the island.

Situated in a vibrant, historically rich neighborhood, this facility combines Victorian-era architecture with modern amenities and a strong sense of community. It is a hurricane-rated construction with stormproof windows, located in a jurisdiction that does not allow any new self-storage developments. The facility also boasts a state-of-the-art security system and won the Daily News Readers Choice best self-storage award in 2021. It is within walking distance of Broadway Avenue J and its diverse array of shopping, dining, and cultural attractions. The surrounding 5-mile radius has a population of 51,569 with a median household income of $48,546. In 2022, Galveston reported 8.1 Million visitors.

Galveston serves as a key economic hub, supported by diverse industries including tourism, healthcare, education, and maritime commerce. Each year, the city welcomes 8.1 million visitors drawn to its stunning beaches, historic sites, and premier attractions, fueling a strong tourism and hospitality sector. The University of Texas Medical Branch (UTMB), spanning 85 acres with an 800-bed hospital, alongside Texas A&M University at Galveston, plays a vital role in the local economy through education and research. Additionally, the Port of Galveston, one of North America’s busiest cruise ports, drives maritime trade. This dynamic combination of economic strength and historic charm makes Galveston an exceptional place to live, work, and invest.