Skip to main content

Self-Storage Facility

Main Plaza Storage

4222 N Main St, Baytown, TX 77521

Listing Price: $4,000,000

Cap Rate
1.50%
Number of Units
534
Occupancy
59.4%
Gross SF
66,500
Rentable SF
66,500
Price/Rentable SF
$60.15
Year Built
1986

Investment Overview

Main Plaza Storage is a 66,500 NRSF Self-Storage facility located in Baytown, TX which is the easternmost major suburban city in the Greater Houston Area. The property sits on approximately 7.46 acres of land and has 9 single story buildings consisting of 479 non-climate units. There are also 75 outdoor parking spots included in the unit mix. The facility has numerous amenities including but not limited to, video surveillance throughout the property, an automatic entrance gate with key code access, roll-up doors, concrete driveways, and a full-service on-site manager's office and residence.

Baytown features one of the busiest industrial economies in the country. The cities mainstay has long been the oil and gas sector, but thanks to its proximity to the Port of Houston, major highways and rail lines, logistics businesses are also a major contributor. Floor and Dcor Outlets announced a 1.5 million square foot distribution center being built this year and Ikea and The Home Depot already have distribution centers in the area. Exxon-Mobile, Chevron-Phillips, and Houston Methodist Baytown Hospital are just a small handful of the major employers in the city. More locally several Baytown municipal offices, Baytown Sterling High School, and several local, regional, and national retailers are within 1 mile of the facility. There are approximately 61,000 people living within 3 miles of Main Plaza Storage and the average household income is above $73,000.

The facility has approximately 250 feet of frontage on Main Street with daily traffic counts of around 27,000, but drive by visibility is just one of several features that an investor will find attractive. The owner is in her late 70s and has owned and managed the property since the 90s and is looking to sell for estate purposes. There are numerous value add components. The undeveloped land thats not being used for parking is cleared and adds up to approximately 1.43 acres. Ownership isnt selling tenant insurance, has rarely increased the rent on existing tenants over the years, and offers no web presence for customers to find the facility online.

As of late May the property is approximately 67 percent physically occupied.

Investment Highlights

  • Approximately 1.43 Acres of Cleared Land Included
  • Baytown One of the Countrys Top Industrial Economies
  • Value Add Components No Website or Insurance, Infrequent Rental Rate Increases
  • Frontage on N. Main Street 26,961 Daily Traffic Counts
  • 67% Current Physical Occupancy

Exclusively Listed By

Self-Storage Facility

Main Plaza Storage

Listing Price: $4,000,000

Cap Rate
1.50%
Number of Units
534
Occupancy
59.4%
Gross SF
66,500
Rentable SF
66,500
Price/Rentable SF
$60.15
Year Built
1986

Investment Highlights

  • Approximately 1.43 Acres of Cleared Land Included
  • Baytown One of the Countrys Top Industrial Economies
  • Value Add Components No Website or Insurance, Infrequent Rental Rate Increases
  • Frontage on N. Main Street 26,961 Daily Traffic Counts
  • 67% Current Physical Occupancy

Investment Overview

Main Plaza Storage is a 66,500 NRSF Self-Storage facility located in Baytown, TX which is the easternmost major suburban city in the Greater Houston Area. The property sits on approximately 7.46 acres of land and has 9 single story buildings consisting of 479 non-climate units. There are also 75 outdoor parking spots included in the unit mix. The facility has numerous amenities including but not limited to, video surveillance throughout the property, an automatic entrance gate with key code access, roll-up doors, concrete driveways, and a full-service on-site manager's office and residence.

Baytown features one of the busiest industrial economies in the country. The cities mainstay has long been the oil and gas sector, but thanks to its proximity to the Port of Houston, major highways and rail lines, logistics businesses are also a major contributor. Floor and Dcor Outlets announced a 1.5 million square foot distribution center being built this year and Ikea and The Home Depot already have distribution centers in the area. Exxon-Mobile, Chevron-Phillips, and Houston Methodist Baytown Hospital are just a small handful of the major employers in the city. More locally several Baytown municipal offices, Baytown Sterling High School, and several local, regional, and national retailers are within 1 mile of the facility. There are approximately 61,000 people living within 3 miles of Main Plaza Storage and the average household income is above $73,000.

The facility has approximately 250 feet of frontage on Main Street with daily traffic counts of around 27,000, but drive by visibility is just one of several features that an investor will find attractive. The owner is in her late 70s and has owned and managed the property since the 90s and is looking to sell for estate purposes. There are numerous value add components. The undeveloped land thats not being used for parking is cleared and adds up to approximately 1.43 acres. Ownership isnt selling tenant insurance, has rarely increased the rent on existing tenants over the years, and offers no web presence for customers to find the facility online.

As of late May the property is approximately 67 percent physically occupied.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower