11711 C E King Pkwy, Houston, TX 77044
46,596 SF Specialty Building Offered at $3,500,000 in Houston, TX 77044
For Sale
Active
Asking Price $3,500,000
- Property Type
-
Specialty
- Square Feet
- 46,596 SF
- Price / Square Foot
- $75
Listing Contacts
Carlos Iglesias
Property Overview
Riverflow Commercial Properties, has been retained as the exclusive listing brokerage by the ownership to offer for sale the fee simple interest in the Beltway Storage site, a premier storage facility located at 11711 C E King Parkway, Houston, TX 77044. The Property is comprised of 46,596 net rentable square feet of storage consisting of 117 fully enclosed units, with a large average size of 398 square feet.
The facility maintains consistently high occupancy rates, currently standing at 98%-100% as of January 2024. The financial performance of Beltway Storage has seen a steady increase in net operating income and positive cash flow on a trailing 12-month basis, as reported by ownership. Comparative market analysis indicates that the facility’s current rents are below the prevailing market rates, presenting an immediate opportunity for substantial revenue uplift.
The facility maintains consistently high occupancy rates, currently standing at 98%-100% as of January 2024. The financial performance of Beltway Storage has seen a steady increase in net operating income and positive cash flow on a trailing 12-month basis, as reported by ownership. Comparative market analysis indicates that the facility’s current rents are below the prevailing market rates, presenting an immediate opportunity for substantial revenue uplift.
Property Details
- Year Built
- 2014
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 113,692 SF
Highlights
- Stabilized occupancy at below market rents; Potential to double the rents income based on comparable lease rates
- Accessible location, Situated on the highly traveled Sam Houston Parkway with average of 47,000+ VPD
- It’s proximity to Sheldon Lake and the Lake Houston makes it very attractive to boats and RV owners.
- Built in one phase, all metal construction, wood framed; 14 ft clear height; concrete floor on all units; equipted with electrical on each unit.
- Fully fenced; Monitored camera system in place.
- Superior water retention/drainage system/ The property is located in an area unaffected by flood zones.
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