Skip to main content

Self-Storage Facility

Dry Dockers Boat & RV Storage

7603 Wright Rd, Houston, TX 77041

Listing Price: $2,600,000

Cap Rate
7.08%
Number of Units
216
Occupancy
68.3%
Gross SF
80,305
Rentable SF
80,305
Price/Rentable SF
$32.38
Year Built
1989

Investment Overview

Dry Dockers Boat & RV Storage is a 216 unit, 80,305 net rentable square foot boat and RV storage facility situated on approximately 4.73 acres in Houston, Texas. While the property is primarily composed of traditional enclosed units with swing doors, there are 2 uncovered outdoor parking spaces and 2 portable storage containers included in the unit mix.

The property has amenities such as a light and electrical outlet in each unit, concrete parking surfaces, a security gate with key code access, security lighting and video surveillance.

The property benefits from strong demographics. The average household income is over $100,000 annually and there are over 105,000 residents within a three-mile radius and over 275,000 people live within 5 miles of the property. Dry Dockers Boat & RV Storage is in close proximity to US Highway 290, Beltway 8, and FM 529 and the location provides a convenient storage solution for residents living in communities such as Jersey Village, Hearthstone, and Lakes on Eldridge.

Dry Dockers Boat & RV Storage provides an investor the opportunity to purchase a historically stable location that has been essentially full for over 30 years. Rents are approximately 25 percent below the submarket average for similar class properties, which offers an investor tremendous upside.

As of April 1st, 2021, Dry Dockers Boat & RV Storage is 96 percent physically occupied.

Investment Highlights

  • 80,305 NRSF | 216 Units
  • 3 Mile Average Household Income: $103,907 | 3 Mile Population: 105,316
  • Convenient NW Houston Location Close to US 290 & Beltway 8
  • Gated Entrance with Keypad Access
  • 96 Percent Physical Occupancy

Exclusively Listed By

Self-Storage Facility

Dry Dockers Boat & RV Storage

Listing Price: $2,600,000

Cap Rate
7.08%
Number of Units
216
Occupancy
68.3%
Gross SF
80,305
Rentable SF
80,305
Price/Rentable SF
$32.38
Year Built
1989

Investment Highlights

  • 80,305 NRSF | 216 Units
  • 3 Mile Average Household Income: $103,907 | 3 Mile Population: 105,316
  • Convenient NW Houston Location Close to US 290 & Beltway 8
  • Gated Entrance with Keypad Access
  • 96 Percent Physical Occupancy

Investment Overview

Dry Dockers Boat & RV Storage is a 216 unit, 80,305 net rentable square foot boat and RV storage facility situated on approximately 4.73 acres in Houston, Texas. While the property is primarily composed of traditional enclosed units with swing doors, there are 2 uncovered outdoor parking spaces and 2 portable storage containers included in the unit mix.

The property has amenities such as a light and electrical outlet in each unit, concrete parking surfaces, a security gate with key code access, security lighting and video surveillance.

The property benefits from strong demographics. The average household income is over $100,000 annually and there are over 105,000 residents within a three-mile radius and over 275,000 people live within 5 miles of the property. Dry Dockers Boat & RV Storage is in close proximity to US Highway 290, Beltway 8, and FM 529 and the location provides a convenient storage solution for residents living in communities such as Jersey Village, Hearthstone, and Lakes on Eldridge.

Dry Dockers Boat & RV Storage provides an investor the opportunity to purchase a historically stable location that has been essentially full for over 30 years. Rents are approximately 25 percent below the submarket average for similar class properties, which offers an investor tremendous upside.

As of April 1st, 2021, Dry Dockers Boat & RV Storage is 96 percent physically occupied.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower