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Self-Storage Facility

A-Allsorts Storage

4040 TX-36, Brenham, TX 77833

Listing Price: $4,000,000

Cap Rate
5.11%
Number of Units
273
Occupancy
85.0%
Gross SF
59,920
Rentable SF
59,920
Price/Rentable SF
$66.76
Year Built
2007

Investment Overview

A-Allsorts Storage is a 59,920 square foot self-storage facility located in Brenham, TX which is approximately halfway between Austin and Houston. The property sits on approximately 4.40 acres of land and has 11 single story buildings consisting of 168 non-climate units (32,990 NRSF), 52 climate control units (7,930 NRSF) 19,000 square feet of covered parking (42 spaces) and 11 outdoor parking spots. The facility has numerous amenities including but not limited to, video surveillance throughout the property, an automatic entrance gate with key code access, roll-up doors, concrete driveways, and an on-site manager's office.   Brenham is best known for being the headquarters of Blue Bell Creameries, but the city has many other factors that lead to its sustainability. Brenham is the county seat of Washington County, home to the main campus of Blinn College. It has major highways running through the city that make Brenham an economic hub for not only Washington County, but portions of the adjacent counties as well. A-Allsorts Storage fronts on TX State Highway 36 and sees around 10,000 cars per day drive by its entrance. The property is less than 1.5 miles from the intersection of US Highway 290, the city’s primary major retail corridor. National retailers such as Walmart and Lowe’s Home Improvement and The Home Depot flank the intersection along with numerous major fast-food chains and other high-profile retailers. An additional 40-acre retail development about 1.5 miles away is in its opening phases with notable tenants like Marshall’s, Mod Pizza and Hobby Lobby. With 10 colleges and major universities within a two hour drive, Brenham boasts a highly skilled workforce and above average demographics. The three mile average household income is $82,946.   A-Allsorts Storage is owned by a local partnership who developed the property and is looking to dissolve. The owners self-manage the facility with a very low degree of sophistication. There is no website, no marketing is being done, and no efforts are being made to capture ancillary revenue streams. Despite having several quality amenities and consistently being around, 100 percent physically occupied ownership keeps rental rates at approximately 70 percent of the market leaders. No tenants have had a rental rate increase since the January of 2021.

Investment Highlights

  • Frontage on TX State Highway 36 – 9,678 Daily Traffic Counts
  • 273 Units | 40,920 NRSF of Enclosed Space + 19,000 Square Feet of Covered Parking
  • Brenham – Midway Point Between Austin and Houston
  • Value Add Components – No Website, No Tenant Insurance, Infrequent Rental Rate Increases
  • 100% Current Physical Occupancy
  • Concrete Driveways, Roll Up Doors, On Site Management Office, Gated Entry

Exclusively Listed By

Financing By

Self-Storage Facility

A-Allsorts Storage

Listing Price: $4,000,000

Cap Rate
5.11%
Number of Units
273
Occupancy
85.0%
Gross SF
59,920
Rentable SF
59,920
Price/Rentable SF
$66.76
Year Built
2007

Investment Highlights

  • Frontage on TX State Highway 36 – 9,678 Daily Traffic Counts
  • 273 Units | 40,920 NRSF of Enclosed Space + 19,000 Square Feet of Covered Parking
  • Brenham – Midway Point Between Austin and Houston
  • Value Add Components – No Website, No Tenant Insurance, Infrequent Rental Rate Increases
  • 100% Current Physical Occupancy
  • Concrete Driveways, Roll Up Doors, On Site Management Office, Gated Entry

Investment Overview

A-Allsorts Storage is a 59,920 square foot self-storage facility located in Brenham, TX which is approximately halfway between Austin and Houston. The property sits on approximately 4.40 acres of land and has 11 single story buildings consisting of 168 non-climate units (32,990 NRSF), 52 climate control units (7,930 NRSF) 19,000 square feet of covered parking (42 spaces) and 11 outdoor parking spots. The facility has numerous amenities including but not limited to, video surveillance throughout the property, an automatic entrance gate with key code access, roll-up doors, concrete driveways, and an on-site manager's office.   Brenham is best known for being the headquarters of Blue Bell Creameries, but the city has many other factors that lead to its sustainability. Brenham is the county seat of Washington County, home to the main campus of Blinn College. It has major highways running through the city that make Brenham an economic hub for not only Washington County, but portions of the adjacent counties as well. A-Allsorts Storage fronts on TX State Highway 36 and sees around 10,000 cars per day drive by its entrance. The property is less than 1.5 miles from the intersection of US Highway 290, the city’s primary major retail corridor. National retailers such as Walmart and Lowe’s Home Improvement and The Home Depot flank the intersection along with numerous major fast-food chains and other high-profile retailers. An additional 40-acre retail development about 1.5 miles away is in its opening phases with notable tenants like Marshall’s, Mod Pizza and Hobby Lobby. With 10 colleges and major universities within a two hour drive, Brenham boasts a highly skilled workforce and above average demographics. The three mile average household income is $82,946.   A-Allsorts Storage is owned by a local partnership who developed the property and is looking to dissolve. The owners self-manage the facility with a very low degree of sophistication. There is no website, no marketing is being done, and no efforts are being made to capture ancillary revenue streams. Despite having several quality amenities and consistently being around, 100 percent physically occupied ownership keeps rental rates at approximately 70 percent of the market leaders. No tenants have had a rental rate increase since the January of 2021.

Exclusively Listed By

Financing By

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