Skip to main content

Self-Storage Facility

Vanwall Mini-Storage

13911 Van Wall St, Houston, TX 77040

Listing Price: $1,400,000

Cap Rate
6.35%
Number of Units
185
Occupancy
85.0%
Rentable SF
19,300
Price/Rentable SF
$72.54
Year Built
1991

Investment Overview

Van Wall Mini Storage is a X NRSF Self-Storage facility located in Houston, TX. The property sits on approximately slightly over an acre of land and has 7 single story buildings consisting of 185 non-climate units that were constructed in 1991. There is also a house included in the unit mix. The facility has 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 unit that’s been converted into a manager's office. The facility sits about 100 feet from the intersection of Van Wall Street and Fairbanks North Houston Road and is visible to over 12,000 vehicles per day. It’s urban location is basically 4/10 of a mile from both the intersection of US 290 (217,000 daily traffic count) to the north and Hempstead Road (14,000 daily traffic count) to the south. The location is also less than 1,000 feet north of the intersection of Fairbanks North Houston and West Tidwell (11,000 daily traffic count). The facility sits inside Beltway 8, Houston’s middle loop 9 miles from the Galleria and less than 20 miles from downtown. Numerous employers and economic drivers are nearby such as The Home Depot ¼ mile away and a massive HEB distribution center about 1 mile away, but the principal characteristic of Van Wall Mini Storage that should equate to continued stability is it’s densely populated surrounding. This area of northwest Houston has over 106,000 people living within 3 miles. The owner is a husband and wife couple who are looking to retire after owning the business for 18 years. The occupancy has hovered around X percent occupied for X, but despite the historic stability there are still numerous value add components. The owners don’t have much of a website, X Y Z things they could do better. As of August 1st the property is approximately 94 percent physically occupied.

Investment Highlights

  • 3 Mile Population 106,703
  • Visibility on Fairbanks N. Houston Road – 12,563 Daily Traffic Counts
  • 4 Major Thoroughfares Within 4/10 of a Mile (254,000 Daily Traffic Counts)
  • 186 Units | 19,300 NRSF
  • Value Add Components – No Website, No Tenant Insurance, Infrequent Rental Rate Increases
  • 94% Current Physical Occupancy

Exclusively Listed By

Financing By

Self-Storage Facility

Vanwall Mini-Storage

Listing Price: $1,400,000

Cap Rate
6.35%
Number of Units
185
Occupancy
85.0%
Rentable SF
19,300
Price/Rentable SF
$72.54
Year Built
1991

Investment Highlights

  • 3 Mile Population 106,703
  • Visibility on Fairbanks N. Houston Road – 12,563 Daily Traffic Counts
  • 4 Major Thoroughfares Within 4/10 of a Mile (254,000 Daily Traffic Counts)
  • 186 Units | 19,300 NRSF
  • Value Add Components – No Website, No Tenant Insurance, Infrequent Rental Rate Increases
  • 94% Current Physical Occupancy

Investment Overview

Van Wall Mini Storage is a X NRSF Self-Storage facility located in Houston, TX. The property sits on approximately slightly over an acre of land and has 7 single story buildings consisting of 185 non-climate units that were constructed in 1991. There is also a house included in the unit mix. The facility has 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 unit that’s been converted into a manager's office. The facility sits about 100 feet from the intersection of Van Wall Street and Fairbanks North Houston Road and is visible to over 12,000 vehicles per day. It’s urban location is basically 4/10 of a mile from both the intersection of US 290 (217,000 daily traffic count) to the north and Hempstead Road (14,000 daily traffic count) to the south. The location is also less than 1,000 feet north of the intersection of Fairbanks North Houston and West Tidwell (11,000 daily traffic count). The facility sits inside Beltway 8, Houston’s middle loop 9 miles from the Galleria and less than 20 miles from downtown. Numerous employers and economic drivers are nearby such as The Home Depot ¼ mile away and a massive HEB distribution center about 1 mile away, but the principal characteristic of Van Wall Mini Storage that should equate to continued stability is it’s densely populated surrounding. This area of northwest Houston has over 106,000 people living within 3 miles. The owner is a husband and wife couple who are looking to retire after owning the business for 18 years. The occupancy has hovered around X percent occupied for X, but despite the historic stability there are still numerous value add components. The owners don’t have much of a website, X Y Z things they could do better. As of August 1st the property is approximately 94 percent physically occupied.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower