4715 7th St - Self-Storage Facilities FOR SALE


Bay City, TX 77414
$4,500,000 USD
713-805-2907
4715 7th St, Bay City, TX for Sale
$4,500,000 USD
Self-Storage Facilities - FOR SALE
1/23
null | 9.2% Cap Rate

4715 7th St
Bay City, TX 77414


HIGHLIGHTS

  • NEW and best-in-class stabilized | 95% climate controlled
  • 40,567 SF storage | 26,950 SF single use tenant
  • Located on I-35 (main thoroughfare into Bay City)
  • Opening date: August 2022 | strong lease-up
  • Tractor Supply Tenant | NNN Lease | S&P Rated BBB | Extensions Until 2040
  • High Growth Area

OVERVIEW

World Wide Storage is a single story 374-unit storage facility located on the main thoroughfare into Bay City. Not only is it the newest and best in class facility, but it’s also 98% climate controlled with mezzanine expansion options. Since opening August of 2022, the property has achieved 90% Occupancy. Newer improvements including 4k security cameras and stadium lighting paired with the new construction are what continue to attract Bay City and surrounding area renters. Previously an old Walmart, the building is located on approximately 10.83 acres of land (per Matagorda CAD records) and includes a large parking lot adjacent to 7th street. The east side of the building is 100% leased to Tractor Supply, who occupies 26,950 square feet. Combined with the stability of the credit rated triple net tenant, growing demographics, and a strong first lease up, this opportunity presents a unique investment opportunity.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

9.2%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

World Wide Storage & Tractor Supply Co.

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.83 AC

LAND SF

471,755 SF

ZONING

-

APN/PARCEL ID

20170

ASK ABOUT THIS PROPERTY

Faith PateMLB Commercial Real EstateMore Info
713-805-2907

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Faith PateMLB Commercial Real EstateMore Info
713-805-2907

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.