3310 Access Rd, Nederland, TX 77627
80,600 SF Specialty Building Offered at $9,000,000 in Nederland, TX 77627
For Sale
Active
5 pictures
Asking Price $9,000,000
- Property Type
-
Specialty
- Square Feet
- 80,600 SF
- Price / Square Foot
- $112
Listing Contacts
Bill Bellomy
Hugh Horne
Logan Foster
Michael Johnson
- Property Info
Property Overview
AA Self Storage is a Class “A”, 80,600 NRSF self storage facility in Nederland, Texas. The facility has frontage on Highway 96 and is 10.5 miles from Interstate 10. Interstate 10 is the dominant east-west corridor in the United States and crosses the entire state of Texas. Downtown Beaumont is 10.7 miles from AA Self Storage. 2016 construction highlights include concrete driveways, metal, and steel construction with exterior lighting. Security features include fully equipped gated entry and keypad access, perimeter fencing and security cameras. AA Self Storage consists of 628 units, 82% of which are climate controlled. The property has a current physical occupancy of 69% and economic occupancy of 59%. The facility is mom and pop owned and managed, leaving a new owner significant opportunity to add industry best practices not currently being utilized. There is no revenue management system in place, in place rates are rarely increased and tenant insurance is not aggressively pushed. Additionally, ownership and management have not implemented any type of marketing and advertising other than a website and sporadic search engine optimization. The demographics surrounding AA Self Storage are outstanding. The one, three and five mile average household incomes all exceed $100,000. Population in the three mile radius is 32,621. AA Self Storage has an asking price of $9,000,000. In addition to an attractive pro-forma cap rate at economic stabilization, the facility is priced at $112 / NRSF.
Property Details
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 187,308 SF
Highlights
- Located in Nederland, TX
- 3.7 Miles from Walmart Supercenter
- 4.8 Miles from Lowe’s Home Improvement Store
- 7.1 Miles from H-E-B
- 10.5 Miles from Interstate 10
- 10.8 Miles from Downtown Beaumont
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].