Self-Storage Facility
Hart RV & Boat Storage
8163 Fostoria Rd, Cleveland, TX 77328
Listing Price: $6,000,000
Investment Overview
Hart Storage is a 126,165 net rentable square foot self storage facility located in Cleveland, Texas, at the northeastern edge of the Greater Houston area. The property spans approximately 12 acres and consists of 16 single-story buildings and one two-story residence. The facility was originally constructed in 2010, with subsequent expansion phases delivered in 2014 and 2023. The unit mix includes 89 climate controlled units, 300 drive-up non-climate units, one covered parking space, a mobile home, and a single family residence.
Hart RV & Boat Storage
Investment Highlights
- The Seller is a husband-and-wife couple that is retiring after self-managing the facility since they developed it.
- The facility is 87 percent physically occupied with a path to an 8.25 percent year one cap rate through EGI growth and enhanced tenant insurance performance.
- The surrounding household average income is around $85,000 with two new single family residential communities under construction about two miles away.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
Listing Price: $6,000,000
Investment Highlights
- The Seller is a husband-and-wife couple that is retiring after self-managing the facility since they developed it.
- The facility is 87 percent physically occupied with a path to an 8.25 percent year one cap rate through EGI growth and enhanced tenant insurance performance.
- The surrounding household average income is around $85,000 with two new single family residential communities under construction about two miles away.
Investment Overview
Hart Storage is a 126,165 net rentable square foot self storage facility located in Cleveland, Texas, at the northeastern edge of the Greater Houston area. The property spans approximately 12 acres and consists of 16 single-story buildings and one two-story residence. The facility was originally constructed in 2010, with subsequent expansion phases delivered in 2014 and 2023. The unit mix includes 89 climate controlled units, 300 drive-up non-climate units, one covered parking space, a mobile home, and a single family residence.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
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