Traditional Site

5210 Straub Road - College Station, TX  77845

Wellborn Self Storage represents an investment opportunity with all of the elements that an investor would look for, excellent demographics, a growing population and a facility with possibilities for increases in rent rates, occupancy rates, and eventual expansion. Wellborn Self Storage is located at 5210 Straub Road in College Station, Texas and is situated on approximately 5 acres. The asset was constructed in 2011 and consists of 141 units which include, non climate controlled drive-up, non-climate controlled storage containers, and uncovered parking. There is a total of 15,000 net rentable square feet of storage plus RV parking with over 3 acres for expansion opportunity on the property. Straub Rd is reportedly to be expanded to a four lane street in the next couple of years to accommodate the additional growth expected in the area. The property is located in the Bryan/College Station MSA (home to Texas A&M University) which is an area that has experienced incredible growth in population and construction in the past decade. Specific to Wellborn Self Storage's location, the average household income is over $114,000 in the demographic area and population growth is still trending at a rapid pace -(See Demographic Info in this Package). Wellborn Self Storage currently has an physical occupancy of 37.67 percent. This represents an excellent opportunity for an investor to purchase a quality self-storage asset in a growing community and work on a lease-up and/or continual build-out management strategy. Entitlements for storage have also been quite difficult in the metro area in the past several years so the fact that this is a property with approved entitlements makes it additionally attractive. The asset is in excellent condition with crushed gravel drives and key pad gated entry. This opportunity is not encumbered by debt and is being offered free and clear.

$1,000,000
Property Type:
Traditional Site 
Status :
Available 
Rentable Square Feet:
15,000 Sq Ft
Acreage:
5.00 Acres
# of Floors:
1 Floor
Number of Buildings:
5 Bldg(s)
Number of Units:
114 Unit(s)
Room For Expansion
Yes
Days Listed:
70 Days
Updated:
01/02/19 

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