Self-Storage Facility

Premier Mini Storage

1742 Earl Rudder Fwy, Bryan, TX 77808

Listing Price: $950,000

Cap Rate
4.04%
Number of Units
101
Occupancy
57.31%
Gross SF
12,150
Rentable SF
12,150
Price/Rentable SF
$78.19
Year Built
1993

Investment Overview

Premier Self Storage is a 12,150 Net Rentable Square Foot self-storage facility located in Bryan, Texas. The property sits on approximately 4.5 acres of land and has 3 single story buildings. There is a total of 93 non climate drive up units, and 4 outdoor parking spots. There are also 4 units that have been climatized and converted to an office that is currently leased to the Sellers IT business, but it could be converted to a full-service managers office. There is also a 4-face billboard on the property that adds additional revenue.

The property was constructed in 1993 and features several amenities including a wrought iron entrance gate with keycode access, video surveillance throughout the facility, concrete driveways, perimeter chain link fencing, and units with roll up doors.

Premier Self Storage fronts on Earl Rudder Freeway (Highway 6), the primary thoroughfare in Bryan-College Station and benefits from daily traffic counts of nearly 40,000. Anchored by Texas A&M University, the Bryan-College Station area has been a rapidly growing area in Texas for several years. The immediate area has seen over 10 percent growth the past decade and is in the path of the areas growth pattern. One project highlighting the areas growth is a new Sunbelt Rentals dealership being constructed adjacent to Premier Self Storage.

There is approximately 3.5 acres of expansion land included with the facility which could be a useful value add component given the facilities operational trend over the last 12 months. There is only 5.17 square feet of self-storage per capita in the 3-mile trade area which is below Brazos County norms. Premier Self Storage is operated by an individual out of state owner who purchased the property in the 3rd quarter of 2019. In the last year or so the property has seen increased occupancy from 45 to 84 percent. The Seller is now running for political office in his home state and would like to take his proceeds and invest them closer to home.

Investment Highlights

  • Fronts on Major Thoroughfare 38,985 Daily Traffic Counts
  • 3.5 Acres of Expansion Land Included
  • 84 Percent Occupancy
  • Area Grew 11 Percent in Last Decade 2020 Three Mile Population: 36,254
  • Undersupplied Market 5.17 Square Feet Per Capita

Exclusively Listed By

Self-Storage Facility

Premier Mini Storage

Listing Price: $950,000

Cap Rate
4.04%
Number of Units
101
Occupancy
57.31%
Gross SF
12,150
Rentable SF
12,150
Price/Rentable SF
$78.19
Year Built
1993

Investment Highlights

  • Fronts on Major Thoroughfare 38,985 Daily Traffic Counts
  • 3.5 Acres of Expansion Land Included
  • 84 Percent Occupancy
  • Area Grew 11 Percent in Last Decade 2020 Three Mile Population: 36,254
  • Undersupplied Market 5.17 Square Feet Per Capita

Investment Overview

Premier Self Storage is a 12,150 Net Rentable Square Foot self-storage facility located in Bryan, Texas. The property sits on approximately 4.5 acres of land and has 3 single story buildings. There is a total of 93 non climate drive up units, and 4 outdoor parking spots. There are also 4 units that have been climatized and converted to an office that is currently leased to the Sellers IT business, but it could be converted to a full-service managers office. There is also a 4-face billboard on the property that adds additional revenue.

The property was constructed in 1993 and features several amenities including a wrought iron entrance gate with keycode access, video surveillance throughout the facility, concrete driveways, perimeter chain link fencing, and units with roll up doors.

Premier Self Storage fronts on Earl Rudder Freeway (Highway 6), the primary thoroughfare in Bryan-College Station and benefits from daily traffic counts of nearly 40,000. Anchored by Texas A&M University, the Bryan-College Station area has been a rapidly growing area in Texas for several years. The immediate area has seen over 10 percent growth the past decade and is in the path of the areas growth pattern. One project highlighting the areas growth is a new Sunbelt Rentals dealership being constructed adjacent to Premier Self Storage.

There is approximately 3.5 acres of expansion land included with the facility which could be a useful value add component given the facilities operational trend over the last 12 months. There is only 5.17 square feet of self-storage per capita in the 3-mile trade area which is below Brazos County norms. Premier Self Storage is operated by an individual out of state owner who purchased the property in the 3rd quarter of 2019. In the last year or so the property has seen increased occupancy from 45 to 84 percent. The Seller is now running for political office in his home state and would like to take his proceeds and invest them closer to home.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower