Investment Overview

GuardBox Storage is a 650-unit, 129,493 net rentable square foot storage facility located in Fresno, Texas which is a growing Fort Bend County suburb. The property sits on approximately 8.34 acres of land and has eight single story buildings. There are 320 climate-controlled units, 231 non-climate controlled units, 55 covered parking spaces, 43 uncovered parking spaces and one climatized office space. The property was constructed in 2005 and features several amenities commonly found in class A storage facilities. There’s an entrance gate with keycode access, video surveillance throughout the facility, concrete driveways, perimeter chain link fencing, and units with roll up doors. The large full-service manager’s office contains a show unit that allows customers to pick the size of the rental space needed without the manager having to leave the office. GuardBox Storage is surrounded by a three-mile population of over 76,000 and is projected to increase by about 10 percent by 2029. Bolstering the population demographics, the annual average household income in the trade area is nearly $140,000. GuardBox Storage fronts FM 521, which is a connecting street from the southernmost part of Greater Houston into downtown and boasts daily traffic counts of 22,390 in front of the property. A massive construction project to widen FM 521 from a two lane undivided road to a four lane divided road is projected to be completed in March of 2026. Despite the ongoing roadwork in front of the property for over a year GuardBox Self Storage has maintained a 90 percent physical occupancy. The property’s well demonstrated stability is due in large part to there being limited existing supply in the trade area with 7.4 square foot of storage per capita within three miles. Furthermore, there are no new self-storage projects under construction in over six miles.