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Self-Storage Facility

Extra Space Storage (Managed)

1400 S Durant St, Alvin, TX 77511

Listing Price: $7,000,000

Cap Rate
5.63%
Number of Units
594
Occupancy
87.0%
Gross SF
62,635
Rentable SF
62,635
Price/Rentable SF
$111.76
Year Built
1982

Investment Overview

Extra Space Storage (Managed) is a 62,635 NRSF, 594 unit self storage facility located in Alvin, Texas, a rapidly growing southern suburb of Greater Houston. Situated on approximately 3.01 acres, the property consists of eight single story buildings offering a mix of climate controlled and non climate units. The facility features a full suite of modern amenities including video surveillance throughout, an automatic gate with digital keypad access, roll up doors, concrete drive aisles, and a full service onsite manager’s office with an attached residence. Originally constructed in 1982, with climate control buildings added in 1994, the asset has benefited from recent capital improvements—most notably roof repairs and approximately $466,000 in CAPEX over the past two years.

Investment Highlights

  • SIGNIFICANT OPERATIONAL UPSIDE
  • MEANINGFUL RATE GROWTH RUNWAY
  • STRONG DEMOGRAPHIC BASE
  • HIGH VISIBILITY LOCATION
  • POSITIONED IN A GROWTH CORRIDOR
  • MAJOR INFRASTRUCTURE CATALYST
  • RECENT CAPITAL IMPROVEMENTS
  • STABLE OCCUPANCY WITH UPSIDE

Exclusively Listed By

Financing By

Self-Storage Facility

Extra Space Storage (Managed)

Listing Price: $7,000,000

Cap Rate
5.63%
Number of Units
594
Occupancy
87.0%
Gross SF
62,635
Rentable SF
62,635
Price/Rentable SF
$111.76
Year Built
1982

Investment Highlights

  • SIGNIFICANT OPERATIONAL UPSIDE
  • MEANINGFUL RATE GROWTH RUNWAY
  • STRONG DEMOGRAPHIC BASE
  • HIGH VISIBILITY LOCATION
  • POSITIONED IN A GROWTH CORRIDOR
  • MAJOR INFRASTRUCTURE CATALYST
  • RECENT CAPITAL IMPROVEMENTS
  • STABLE OCCUPANCY WITH UPSIDE

Investment Overview

Extra Space Storage (Managed) is a 62,635 NRSF, 594 unit self storage facility located in Alvin, Texas, a rapidly growing southern suburb of Greater Houston. Situated on approximately 3.01 acres, the property consists of eight single story buildings offering a mix of climate controlled and non climate units. The facility features a full suite of modern amenities including video surveillance throughout, an automatic gate with digital keypad access, roll up doors, concrete drive aisles, and a full service onsite manager’s office with an attached residence. Originally constructed in 1982, with climate control buildings added in 1994, the asset has benefited from recent capital improvements—most notably roof repairs and approximately $466,000 in CAPEX over the past two years.

Exclusively Listed By

Financing By

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