Nederland Premier Storage
Self Storage | 96% Occupied
Marketing description
Nederland Premier Storage is a 57 unit, 10,200 NRSF self-storage investment opportunity at 1420 S. 21st St., Nederland, Texas. This .57 acre site sits less than a mile from the intersection of S. 21st St. and FM 365 which sees as many as 24,000 passing vehicles per day (Per TxDOT). Nederland is a well-located suburb in the middle of the “Golden Triangle” of Texas which refers to the broader market formed by the cities of Beaumont, Port Arthur and Orange. The Golden Triangle is the petrochemical capital of the Texas and is home to over 400,000 residents, more than 85,000 of which are living within 5 miles of the subject property.
Constructed between 2007 and 2010, Nederland Premier Storage is an immaculately maintained self storage facility that has been “mom and pop” operated since its inception. The 5 metal-over-steel buildings feature a mix of 10x10 and 10x20 non-climate controlled units. The all-concrete facility is mostly fenced and gated with 24/7 keypad access and security camera surveillance. Additionally, the facility is well-lit and features concrete ballards which protect the structures from vehicles.
The current owners manage the property remotely with very little headache thanks to Easy Storage Solutions management software and answering service. Rental rates have rarely been raised through their ownership tenure which provides the next owner with an immediate opportunity to raise revenue. Additionally, revenue can be increased by instituting mandatory tenant insurance for new customers and charging app/admin fees.
Investment highlights
96% Physical Occupancy
Owners Have Rarely Raised Rental Rates
All Concrete Foundations and Drives
Metal-Over-Steel Building Construction
Automatic Gates with Keypad Access
24/7 Security Camera Surveillance
Excellent Lighting Throughout the Facility
85,000+ Population Within 5 Miles
Average Household Income of $90k+
Only 9.6 NRSF of Total Storage Per Capita
24,000 Vehicles Per Day on FM 365
Abundance of Retail & Hospitality Nearby
Across 21st St. from Heritage Town Center
Located at Entrance of Allan Court Subdivision
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