Self-Storage Facility
Bluebonnet Self-Storage
200 Maple St, Commerce, TX 75428
Listing Price: $1,650,000
Investment Overview
Bluebonnet Self Storage is a 21,000 rentable-square-foot self-storage facility located in Commerce, Texas. The property sits on approximately 2.95 acres of land and consists of six single-story buildings housing 192 non-climate drive up units. The property was constructed in 1995 and features personalized keypad entry, secured perimeter fencing, 24/7 video surveillance, an on-site leasing office, and concrete driveways.
Bluebonnet Self Storage benefits from its frontage on Maple Street, as well as its proximity to East Texas A&M University (with total enrollment of 12,741). With many student housing and residential communities located nearby, the demand for self-storage is robust throughout the year (the facility’s trailing-12 average monthly physical occupancy rate is 95 percent). In fact, Bloomfield Homes is currently developing a residential community less than 0.25 miles from Bluebonnet Self Storage. More than 85 homes are currently available for purchase on the Bloomfield site, with more scheduled for delivery in 2026 – further legitimizing the buyer’s opportunity to create additional value by expanding upon the approximate 0.50 acres of raw land (same parcel) included in this offering.
Although the current owner has personally managed the facility for over 14 years, he’s never used a management software program to help him operate the facility at a day-to-day level. Nor has he ever implemented a revenue management program designed to boost not only the facility’s monthly rental collections, but the value of the underlying real estate itself. Additionally, the facility’s impressive occupancy and revenue history suggests (under the right circumstances) a new owner could remotely (and profitably) manage the facility throughout the hold period.
Available for purchase at $1,650,000, Bluebonnet Self Storage is a stabilized asset, while at the same time preserving the opportunity to create future value via expansion, revenue management, ancillary income (admin fees, tenant insurance, etc.), and expense reductions.
Listing Price: $1,650,000
Investment Highlights
- Expansion Potential (Approximately 0.5 Acres)
- 95 Percent Physically Occupied
- Bloomfield Residential Development 0.2 Miles from Subject Property
- Seven Square Feet per Capita (5-Mile Radius)
Investment Overview
Bluebonnet Self Storage is a 21,000 rentable-square-foot self-storage facility located in Commerce, Texas. The property sits on approximately 2.95 acres of land and consists of six single-story buildings housing 192 non-climate drive up units. The property was constructed in 1995 and features personalized keypad entry, secured perimeter fencing, 24/7 video surveillance, an on-site leasing office, and concrete driveways. Bluebonnet Self Storage benefits from its frontage on Maple Street, as well as its proximity to East Texas A&M University (with total enrollment of 12,741). With many student housing and residential communities located nearby, the demand for self-storage is robust throughout the year (the facility’s trailing-12 average monthly physical occupancy rate is 95 percent). In fact, Bloomfield Homes is currently developing a residential community less than 0.25 miles from Bluebonnet Self Storage. More than 85 homes are currently available for purchase on the Bloomfield site, with more scheduled for delivery in 2026 – further legitimizing the buyer’s opportunity to create additional value by expanding upon the approximate 0.50 acres of raw land (same parcel) included in this offering. Although the current owner has personally managed the facility for over 14 years, he’s never used a management software program to help him operate the facility at a day-to-day level. Nor has he ever implemented a revenue management program designed to boost not only the facility’s monthly rental collections, but the value of the underlying real estate itself. Additionally, the facility’s impressive occupancy and revenue history suggests (under the right circumstances) a new owner could remotely (and profitably) manage the facility throughout the hold period. Available for purchase at $1,650,000, Bluebonnet Self Storage is a stabilized asset, while at the same time preserving the opportunity to create future value via expansion, revenue management, ancillary income (admin fees, tenant insurance, etc.), and expense reductions.
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