Listed by VERSAL - Bellomy
$1,200,000
Red White and Blue Storage
Details
APN 238214 & 238213
Property Type Retail
Sub Type Commercial
Units 40
Year Built 2018
Buildings 3
Acreage 1.820
Parking Spaces 52 spaces
Retail
Marketing description
Red, white and blue storage is located in Hempstead, Texas. Hempstead is northwest of Houston along the highway 290 corridor between Brenham and Hockley.
The property features 40 covered parking spaces with power and 52 uncovered parking spaces. All covered parking spaces are 12.5 Ft x 40 ft. The covered spaces are currently 98% occupied, while the uncovered spaces are 50% occupied.
No historical revenue management or price increases have been performed. Up to 6.4 acres of adjacent land are also available for purchase.
The facility is only 2.5 miles from prairie view A&M university, which has a student population of over 10,000 students. It is also approximately 3 miles from a +/- 7,000-home housing development, 3.5 miles from highway 290 and 6.7 miles from highway 6. The property is 43.7 miles from downtown Houston, making it an easy addition to an owner’s existing portfolio in the Houston area. A 5-mile radius around the property includes a population of 7,242 with an average household income of $91,056.
Construction highlights include metal and steel construction, gravel drives, gated keypad access, security cameras, and an on-site office.
Red, white and blue storage is being offered for sale at $1,200,000. The additional acreage can also be purchased separately.
Investment highlights
- $1,200,000
- Up to +/- 6.4 additional acres available
- 40 covered spaces w/ electric
- 52 uncovered spaces
- No historical revenue management / price increases
- Gated keypad access, on-site dump station, crushed gravel
- On-site office
- Hempstead, tx
- 7,242 population within 5 miles
- $91,056 average household income within 5 miles
- 2.5 miles from prairie view A&M university (over 10,000 students)
- 3.5 miles from highway 290
- 6.7 miles from highway 6 (Hempstead)
Listing Contacts
Listed by VERSAL - Bellomy
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