Self-Storage Facility
Fortress Storage Center 2 Property Portfolio
205 Hwy 35 S, Rockport, TX 78382
Listing Price: $4,900,000
Investment Overview
The Fortress Storage Center Portfolio is a two-property self-storage offering located in Rockport and Victoria, Texas. Combined, the portfolio totals 85,150 net rentable square feet across 729 units. Fortress Storage Center – Rockport comprises 37,700 net rentable square feet with 337 units (204 climate-controlled and 133 non-climate-controlled) situated on approximately 2.68 acres. Fortress Storage Center – Victoria totals 47,450 net rentable square feet with 392 units (193 climate-controlled and 199 non-climate-controlled) on approximately 4.82 acres.
Fortress Storage Center 2 Property Portfolio
Investment Highlights
- SELLER FINANCING AVAILABLE // 80 Percent Loan-To-Value (LTV) | 5 Percent Interest-Only | 5-Year Term
- SEVERELY MISMANAGED ASSETS // The current owner is the original developer and due to extenuating circumstances has been unable to manage the properties for many years.
- Amenities include gated entry with keycode access, concrete drives, full service on-site management office, roll-up doors, and 24-hour video surveillance.
Listing Price: $4,900,000
Investment Highlights
- SELLER FINANCING AVAILABLE // 80 Percent Loan-To-Value (LTV) | 5 Percent Interest-Only | 5-Year Term
- SEVERELY MISMANAGED ASSETS // The current owner is the original developer and due to extenuating circumstances has been unable to manage the properties for many years.
- Amenities include gated entry with keycode access, concrete drives, full service on-site management office, roll-up doors, and 24-hour video surveillance.
Investment Overview
The Fortress Storage Center Portfolio is a two-property self-storage offering located in Rockport and Victoria, Texas. Combined, the portfolio totals 85,150 net rentable square feet across 729 units. Fortress Storage Center – Rockport comprises 37,700 net rentable square feet with 337 units (204 climate-controlled and 133 non-climate-controlled) situated on approximately 2.68 acres. Fortress Storage Center – Victoria totals 47,450 net rentable square feet with 392 units (193 climate-controlled and 199 non-climate-controlled) on approximately 4.82 acres.
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