Self-Storage Facility
Dry Dockers Boat & RV Storage
7603 Wright Rd, Houston, TX 77041
Listing Price: $3,200,000
Investment Overview
Dry Dockers Boat & RV Storage is a 214 unit, 78,701 net rentable square foot boat
and RV storage facility situated on approximately 4.73 acres in Houston, Texas.
While the property is primarily composed of traditional enclosed units with swing
doors, there are also 16 uncovered outdoor parking spaces included in the unit
mix. The property has amenities such as lighting and an electrical outlet in each
unit, concrete parking surfaces, a security gate with key code access, security
lighting and video surveillance.
Dry Dockers Boat & RV Storage
Investment Highlights
- 7.44 PERCENT IN-PLACE CAP RATE WITH UPSIDE IN RAISING RENTS AND OCCUPANCY // The physical occupancy is 81.30 percent and street rates are approximately 25 percent below market.
- CONVENIENT NW HOUSTON LOCATION CLOSE TO US 290 & B ELTWAY 8 // The threemile population in the area is over 96,000 people and the three-mile average household income is over $113,000.
- NUMEROUS CUSTOMER AMENITIES // The facility includes a gated entrance with keypad access, video surveillance, lighting, and concrete parking surfaces inside the units.
Listing Price: $3,200,000
Investment Highlights
- 7.44 PERCENT IN-PLACE CAP RATE WITH UPSIDE IN RAISING RENTS AND OCCUPANCY // The physical occupancy is 81.30 percent and street rates are approximately 25 percent below market.
- CONVENIENT NW HOUSTON LOCATION CLOSE TO US 290 & B ELTWAY 8 // The threemile population in the area is over 96,000 people and the three-mile average household income is over $113,000.
- NUMEROUS CUSTOMER AMENITIES // The facility includes a gated entrance with keypad access, video surveillance, lighting, and concrete parking surfaces inside the units.
Investment Overview
Dry Dockers Boat & RV Storage is a 214 unit, 78,701 net rentable square foot boat and RV storage facility situated on approximately 4.73 acres in Houston, Texas. While the property is primarily composed of traditional enclosed units with swing doors, there are also 16 uncovered outdoor parking spaces included in the unit mix. The property has amenities such as lighting and an electrical outlet in each unit, concrete parking surfaces, a security gate with key code access, security lighting and video surveillance.
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