Self-Storage Facility

Texas Moving & Storage

2425 Brentwood Dr, Lufkin, TX 75901

Listing Price: $1,930,000

Cap Rate
7.53%
Number of Units
223
Occupancy
87.9%
Gross SF
22,630
Rentable SF
22,630
Price/Rentable SF
$85.29
Year Built
2008

Investment Overview

Texas Moving and Storage is a 22,630 net rentable square foot self-storage facility located in Lufkin, Texas. The property sits on slightly over 2 acres of land and consists 223 units (145 climate-controlled units - 13,740 NRSF, 71 drive up non-climate units - 8,890 NRSF, and 7 outdoor parking spaces). The facility has 3 single story buildings and was constructed in 2008.

Texas Moving and Storage offers several amenities found in class A storage facilities including, but not limited to video surveillance throughout the property, an automated security gate with keycode access, roll up doors, concrete driveways, a managers office, and residence.

Situated approximately 120 miles north of Houston, Lufkin is the is the retail and medical hub of a 12-county region in Piney Woods of east Texas. Lufkin is the county seat of Angelina County and the local economy benefits from several strong industries such as timber manufacturing, food products, and aerospace and defense. The property sits about 6/10 mile from the intersection of Whitehouse Road and US 59 which is perhaps the busiest and most popular retail corridors in the region. Buoyed by the affluent Crown Colony subdivision to the south, home to one of Texas most highly rated golf courses Crown Colony Country Club the average household income is close to $100,000 in the immediate vicinity of the asset.

The asset should create a stable investment with some value-add components. As of September 1st, Texas Moving and Storage is approximately 93 percent physically occupied and has had a basically full stabilized occupancy for the past 5 years.

Investment Highlights

  • 2008 Construction
  • Numerous Class A Amenities
  • Historically Stable Asset 93 Percent Occupancy
  • 7.53 CAP Rate
  • One Mile Average Household Income - $96,445

Exclusively Listed By

Self-Storage Facility

Texas Moving & Storage

Listing Price: $1,930,000

Cap Rate
7.53%
Number of Units
223
Occupancy
87.9%
Gross SF
22,630
Rentable SF
22,630
Price/Rentable SF
$85.29
Year Built
2008

Investment Highlights

  • 2008 Construction
  • Numerous Class A Amenities
  • Historically Stable Asset 93 Percent Occupancy
  • 7.53 CAP Rate
  • One Mile Average Household Income - $96,445

Investment Overview

Texas Moving and Storage is a 22,630 net rentable square foot self-storage facility located in Lufkin, Texas. The property sits on slightly over 2 acres of land and consists 223 units (145 climate-controlled units - 13,740 NRSF, 71 drive up non-climate units - 8,890 NRSF, and 7 outdoor parking spaces). The facility has 3 single story buildings and was constructed in 2008.

Texas Moving and Storage offers several amenities found in class A storage facilities including, but not limited to video surveillance throughout the property, an automated security gate with keycode access, roll up doors, concrete driveways, a managers office, and residence.

Situated approximately 120 miles north of Houston, Lufkin is the is the retail and medical hub of a 12-county region in Piney Woods of east Texas. Lufkin is the county seat of Angelina County and the local economy benefits from several strong industries such as timber manufacturing, food products, and aerospace and defense. The property sits about 6/10 mile from the intersection of Whitehouse Road and US 59 which is perhaps the busiest and most popular retail corridors in the region. Buoyed by the affluent Crown Colony subdivision to the south, home to one of Texas most highly rated golf courses Crown Colony Country Club the average household income is close to $100,000 in the immediate vicinity of the asset.

The asset should create a stable investment with some value-add components. As of September 1st, Texas Moving and Storage is approximately 93 percent physically occupied and has had a basically full stabilized occupancy for the past 5 years.

Exclusively Listed By

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