Texas 5-Property Self-Storage Portfolio Opportunity – Houston, Dallas-Fort Worth & College Station

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Price
Market Bid
NRSF
237,273
Houston, Dallas - Fort Worth & College Station
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5 well-maintained facilities in the #1 highest population growth state of 2022, Texas.
Average three-mile population of 104,017 across the five facilities
Portfolio average physical occupancy of 89.4%

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of a five-property portfolio in Texas.

Texas is one of the nation’s fastest-growing states, seeing an impressive 1.6% growth in population from 2021 to 2022. Reaching a population of over 30 million in 2022, Texas now stands as the second most populous state in the country with more people moving there every day. Both businesses and individuals are flocking to the state due to its business-friendly environment, no personal income tax, limited regulation, and flourishing state economy. The Houston market is emerging as a hub for technology companies and startups, as well as being home to the Texas Medical Center, the largest medical complex in the world. Dallas has also seen a recent mass inflow of technology companies, as well as a growing logistics sector due in part to its central location and proximity to major highways and airports.

The Plano property is located in the Dallas-Fort Worth MSA, just over a 30-minute drive from downtown Dallas. Located at 1230 Shiloh Rd, the facility has easy access to the North Central Expwy and President George Bush Tpke, major highways into and around downtown Dallas. There is a strong demographic makeup within a three-mile radius, boasting a median HH income of $91,930 and population of 91,661 residents. The 27,450 net rentable square foot facility offers a wide variety of unit sizes, made up of 111 climate-controlled elevator access units, 99 non-climate first-floor units and 73 drive units, totaling 288 storage units and 5 parking spaces. The facility currently has a physical occupancy of 91%.

Just South of downtown Houston, the 11539 Canemont St. property offers convenient access to major highways, being situated just under a half mile from US 90 and a mile to Sam Houston Tollway. Located in a densely populated trade area, there are 143,314 residents within a three-mile radius, partnered with a below-average supply per capita for the state of Texas. The facility totals 69,285 net rentable square feet, including 431 drive-up units, 12 non-climate first-floor units and 2 parking spaces. The facility is currently 96% physically occupancy.

The College Station property is located an hour and a half north of Houston, in the quickly growing city of College Station, TX. The facility is just off the main thoroughfare, Texas Ave, which sees an average of 42,604 vehicles daily, and is situated just a mile down the road from the major university of Texas A&M. The facility resides next to the largest university in the country with an enrollment of over 73,000 students and a over 102,847 people within a 3-mile radius. The 65,945 net rentable square foot facility offers 498 units, made up of 415 drive-up and 83 climate-controlled first-floor units. This location is currently at 84% physical occupancy.

The Conroe facility is located just north of downtown Houston, approximately 30 minutes from the city’s center. Located at 15891 I-45 S, the facility is directly along a major highway that feeds into the heart of Houston and sees an impressive average daily traffic volume of 173,872 vehicles. There is a population of 42,892 within a three-mile radius, boasting an excellent median HH income of $111,630. Totaling 44,530 net rentable square feet, the facility includes 156 climate-controlled units, 157 drive-up units, 108 parking spaces, and a cell tower. Possible expansion opportunity by converting the boat/RV parking into traditional storage. The facility currently stands at 85% physical occupancy.

Located at 3735 Mangum Rd, just over a half mile from the major US highway 290 and only a 15-minute drive into the heart of downtown Houston. The facility has excellent visibility from Mangum Rd and is situated next to a shopping center with retail and restaurants. The facility has seen exterior upgrades as well as a modern keypad-protected gate system. The 30,063 net rentable square foot facility includes 135 non-climate first floor units, 142 non-climate lift accessible units, and 56 convenient drive-up units. The facility is currently at 92% physical occupancy.

Take advantage of the unique opportunity to acquire five established facilities with strong historical operating performance as well as significant rate and occupancy upside in one of the nation’s fastest-growing states.

 

Houston, Dallas-Fort Worth & College Station

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Houston, Dallas-Fort Worth & College Station, TX Self Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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