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Self-Storage Facility

Security Mini Storage

2100 S Washington St, Beeville, TX 78102

Listing Price: $6,250,000

Cap Rate
5.57%
Number of Units
604
Occupancy
88.0%
Gross SF
74,800
Rentable SF
74,800
Price/Rentable SF
$83.56
Year Built
1999

Investment Overview

Security Mini Storage is a 74,800 net rentable square foot self-storage facility located in Beeville, TX which is approximately 50 miles northwest of Corpus Christi. The property sits on approximately 5.86 acres of land and has 21 single story buildings consisting of 604 non-climate units. 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, asphalt driveways, and an on-site manager’s office. There is also a billboard that generates revenue. Security Mini Storage fronts on S. Washington Street near the intersection of Reagan Road making it a convenient location for customers coming from both the west and central areas of Beeville with around 7,500 cars per day driving by its entrance. The property is less than 5/10 of a mile from the intersection of US Highway 181 which connects southeastern San Antonio to the northern Corpus Christi suburbs. In addition to its proximity to Corpus Christi, Beeville is about 50 miles southwest of Victoria and 100 miles south of San Antonio and is well positioned to support those growing metropolitan areas, and benefit from their growth as well. With the recent surge in oil prices numerous major drilling companies such as Nabors and Conoco have ramped up well sites in Bee County. In addition to the oil and gas industry, Beeville is the county seat for Bee County and is home to one of the area’s top community colleges (Coastal Bend College). Beeville has been named a National Main Street City and Texas Monthly magazine named Beeville one of the four best small towns in Texas for art. Coastal Bend College also houses one of the only two public, fully functioning glass blowing facilities in Texas. The Security Mini Storage ownership group is an out of state partnership and self manages the asset. Physical occupancy is around 95 percent offering an investor a stable asset in a growing area of Texas. There is an assumable loan with an interest rate of 3.6435 percent amortized over 30 years that matures in October of 2030 and has a current principal balance of approximately $2,203,000.

Investment Highlights

  • FRONTAGE ON S. WASHINGTON STREET // About 7,500 Daily Traffic Counts
  • 604 UNITS | 74,800 NRSF
  • BEEVILLE // Situated 50 Miles from Corpus Christi and Victoria
  • STABLE ASSET // 94.20 Percent Current Physical Occupancy
  • EXCELLENT FEATURES // Asphalt Driveways, Roll Up Doors, On Site Management Office, Gated Entry
  • ASSUMABLE LOAN // Principal Balance as of June 2022: $2,203,609 Current Interest Rate 3.6435 Percent 30 Year Amortization Maturity October 2030

Exclusively Listed By

Financing By

Self-Storage Facility

Security Mini Storage

Listing Price: $6,250,000

Cap Rate
5.57%
Number of Units
604
Occupancy
88.0%
Gross SF
74,800
Rentable SF
74,800
Price/Rentable SF
$83.56
Year Built
1999

Investment Highlights

  • FRONTAGE ON S. WASHINGTON STREET // About 7,500 Daily Traffic Counts
  • 604 UNITS | 74,800 NRSF
  • BEEVILLE // Situated 50 Miles from Corpus Christi and Victoria
  • STABLE ASSET // 94.20 Percent Current Physical Occupancy
  • EXCELLENT FEATURES // Asphalt Driveways, Roll Up Doors, On Site Management Office, Gated Entry
  • ASSUMABLE LOAN // Principal Balance as of June 2022: $2,203,609 Current Interest Rate 3.6435 Percent 30 Year Amortization Maturity October 2030

Investment Overview

Security Mini Storage is a 74,800 net rentable square foot self-storage facility located in Beeville, TX which is approximately 50 miles northwest of Corpus Christi. The property sits on approximately 5.86 acres of land and has 21 single story buildings consisting of 604 non-climate units. 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, asphalt driveways, and an on-site manager’s office. There is also a billboard that generates revenue. Security Mini Storage fronts on S. Washington Street near the intersection of Reagan Road making it a convenient location for customers coming from both the west and central areas of Beeville with around 7,500 cars per day driving by its entrance. The property is less than 5/10 of a mile from the intersection of US Highway 181 which connects southeastern San Antonio to the northern Corpus Christi suburbs. In addition to its proximity to Corpus Christi, Beeville is about 50 miles southwest of Victoria and 100 miles south of San Antonio and is well positioned to support those growing metropolitan areas, and benefit from their growth as well. With the recent surge in oil prices numerous major drilling companies such as Nabors and Conoco have ramped up well sites in Bee County. In addition to the oil and gas industry, Beeville is the county seat for Bee County and is home to one of the area’s top community colleges (Coastal Bend College). Beeville has been named a National Main Street City and Texas Monthly magazine named Beeville one of the four best small towns in Texas for art. Coastal Bend College also houses one of the only two public, fully functioning glass blowing facilities in Texas. The Security Mini Storage ownership group is an out of state partnership and self manages the asset. Physical occupancy is around 95 percent offering an investor a stable asset in a growing area of Texas. There is an assumable loan with an interest rate of 3.6435 percent amortized over 30 years that matures in October of 2030 and has a current principal balance of approximately $2,203,000.

Exclusively Listed By

Financing By

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