8109 US Highway 77 - Self-Storage Facilities FOR SALE


Sinton, TX 78387
$4,500,000 USD
281-398-4588
8109 US Highway 77, Sinton, TX for Sale
$4,500,000 USD
Self-Storage Facilities - FOR SALE
1/32
null | 5.62% Cap Rate

8109 US Highway 77
Sinton, TX 78387


HIGHLIGHTS

  • Highway 77 (IH-69) frontage with 17,000 passing vehicles per day
  • Strong historical occupancy - currently in lease-up.
  • Metal over steel construction
  • Automatic gates with keypad access
  • 24/7 surveillance camera monitoring
  • Excellent lighting throughout the facility

OVERVIEW

SeaSide Storage is a 443-unit self-storage investment opportunity at 8109 US-77, Sinton, Texas. This 5.81 acre site is located on US Highway 77 which sees over 17,000 passing vehicles per day (Per TxDOT). US-77 is a continuation of Interstate 69; a national highway project that will facilitate interstate travel throughout the U.S., ending at the Mexican and Canadian borders. To allow continued expansion of IH-69, TxDOT recently took two acres in the front of the property via eminent domain. The current owner has fully reconstructed, and expanded the affected storage buildings in the rear portion of the property. Until its recent reconfiguration, SeaSide Storage has historically stayed nearly 100% occupied. A new owner will be handed the keys to a well-established, pride-of-ownership property that has excellent collections and state of the art features such as automatic gate with keypad access, 10 web-enabled surveillance cameras and new LED-lighting for additional security throughout the property, and a brand new, fully-functional website. The property also has an immaculate, classic home serves as the management office - the space has a full bath and could easily be converted to accommodate a live-in manager. A new owner can immediately realize significant upside by implementing improved signage, utilizing established self-storage marketing programs like Sparefoot, creating ancillary income streams by selling tenant insurance, and raising rental rates for longstanding tenants.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

5.62%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SeaSide Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.81 AC

LAND SF

253,084 SF

ZONING

N/A

APN/PARCEL ID

115

ASK ABOUT THIS PROPERTY

Craig RiceCSD Realty CompanyMore Info
281-398-4588

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Craig RiceCSD Realty CompanyMore Info
281-398-4588

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