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Self-Storage Facility

Cavitt Street Storage

2306 Cavitt Ave, Bryan, TX 77801

Listing Price: $750,000

Cap Rate
6.28%
Number of Units
32
Occupancy
98.0%
Rentable SF
8,100
Price/Rentable SF
$92.59
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Cavitt Street Storage in Bryan, Texas. Consisting of 8,100 net rentable square feet on 0.48 acres, the facility maintains 31 non-climate controlled units ranging from 50 square feet to 500 square feet and a 3,200-square foot warehouse. All self storage units are ground floor with easy drive up access and the facility has a parameter gate and security system. Cavitt Street Storage has historical high occupancies and is currently at 98 percent physical occupancy. Cavitt Street Storage is conveniently located one block from College Avenue and 2.9 miles from Texas A&M University which enrolled over 69,000 undergraduate and graduate students. With easy access to South Texas Avenue, Cavitt Street Storage is located 2.2 miles from downtown Bryan, Texas and 4.4 miles from downtown College Station, Texas. Subject property is located in the Midtown Development Plan which is a coordinated public and private investment at five catalytic sites to build upon the success of the renovations to College Main Street and South College Avenue. These catalytic projects work to stitch the entire length of the corridor together and to stimulate and support new development within Midtown (City of Bryan Midtown Area Plan). There are 7,059 apartment units in a three-mile radius of the facility with 9.6 percent vacancy. 2020 population of Bryan/College Station was 269,000 and has a projected growth of 10.1 percent by 2025.

Investment Highlights

  • Physical Occupancy at 98 Percent
  • 6.28% Cap Rate
  • 31 Non-Climate Controlled Units and One Warehouse

Exclusively Listed By

Self-Storage Facility

Cavitt Street Storage

Listing Price: $750,000

Cap Rate
6.28%
Number of Units
32
Occupancy
98.0%
Rentable SF
8,100
Price/Rentable SF
$92.59
Year Built
1995

Investment Highlights

  • Physical Occupancy at 98 Percent
  • 6.28% Cap Rate
  • 31 Non-Climate Controlled Units and One Warehouse

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Cavitt Street Storage in Bryan, Texas. Consisting of 8,100 net rentable square feet on 0.48 acres, the facility maintains 31 non-climate controlled units ranging from 50 square feet to 500 square feet and a 3,200-square foot warehouse. All self storage units are ground floor with easy drive up access and the facility has a parameter gate and security system. Cavitt Street Storage has historical high occupancies and is currently at 98 percent physical occupancy. Cavitt Street Storage is conveniently located one block from College Avenue and 2.9 miles from Texas A&M University which enrolled over 69,000 undergraduate and graduate students. With easy access to South Texas Avenue, Cavitt Street Storage is located 2.2 miles from downtown Bryan, Texas and 4.4 miles from downtown College Station, Texas. Subject property is located in the Midtown Development Plan which is a coordinated public and private investment at five catalytic sites to build upon the success of the renovations to College Main Street and South College Avenue. These catalytic projects work to stitch the entire length of the corridor together and to stimulate and support new development within Midtown (City of Bryan Midtown Area Plan). There are 7,059 apartment units in a three-mile radius of the facility with 9.6 percent vacancy. 2020 population of Bryan/College Station was 269,000 and has a projected growth of 10.1 percent by 2025.

Exclusively Listed By

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