515 TX-156, Point Blank, TX 77364 For Sale

The Point Blank Storage Portfolio is a 3 property self-storage investment opportunity consisting of 256 units totaling 80,595 NRSF in Point Blank and Coldspring, Texas. The 3 sites total 6.6 acres and are each less than one mile from Lake Livingston which is the second largest lake in Texas. The area serves as a popular recreational destination for Texas residents of the Greater Houston area which is just a one hour drive via U.S. Highway 59 and TX-150. TX-150 & U.S. Highway 59 also provide convenient, 50-minute drive-times to Lake Conroe and Bush intercontinental Airport (IAH) from the Coldspring/Lake Livingston area.

Constructed separately from 1983 to 2024, each facility has been immaculately maintained by the current owner. The 15 metal-over-steel buildings feature a mix of non-climate self-storage, enclosed boat storage and canopy parking for boats and RV’s. The facility’s self-storage buildings feature concrete foundations, and a mix of swing-doors and garage style roll-up doors. The Boat & RV canopies feature a gravel parking surface and can accommodate a variety of vehicle sizes.

The Point Blank Storage Portfolio offers an attractive day-one return with several immediate value-add opportunities. Most notably, there is upside in the current physical occupancy which has fluctuated as the owner has constructed new buildings over the years. A new owner can attract new customers by implementing Website SEO, social media marketing, Google Ads, SpareFoot profile, and running move-in specials. Simultaneously, a new owner can boost revenue by gradually increasing rental rates for longstanding tenants who have few other suitable options for storage in the area. It is also recommended that a new owner offer tenant insurance to new and existing customers as an ancillary income stream.