Traditional Site

19625 Hickory Twig Way - Spring, TX  77388

Cypresswood Self Storage is a 43,600 NRSF storage facility located in the Houston suburb of Spring, Texas. The facility has excellent visibility and signage on Hickory Twig Way which is 0.6 miles west of Interstate 45. Cypresswood Self Storage is located 21 miles north of Downtown Houston and 12 miles west of George Bush Intercontinental Airport. Additionally, Exxon Mobil's 385 acre Houston campus is 4.3 miles north of Cypresswood Self Storage. The campus opened in 2014 and accommodates more than 10,000 employees. The three-mile population is 95,452.

Cypresswood Self Storage is located directly behind Cypresswood Court Shopping Center and Spring Village Shopping Center. This SuperTarget anchored retailer center also included Petco, BestBuy, Staples, Home Depot and SmashBurger. Directly across from these retailers is TopGolf and Spring High School. Spring High School is a AAAAAA classified school ' the largest school size classification in Texas. Traffic counts on Interstate 45 and Cypresswood Drive exceed 200,000 vehicles per day.

Built in 2003, Construction highlights include concrete driveways, three steel and metal buildings, standing seam roofs and exterior lighting. Cypresswood Self Storage is fully equipped with gated entry and keypad access, perimeter fencing and security cameras. The facility has an on-site leasing office with ample space for retail sales and a large manager's apartment.

Cypresswood Self Storage contains 371 climate, non-climate and outdoor parking units. The physical occupancy is currently 94%. The facility was built in 2003 and covers +/- 2.11 acres. The facility is 68% climate controlled based on NRSF. Street rates have historically lagged competitor facilities by $5 - $20 per comparable unit size leaving new owners tremendous opportunity to significantly increase NOI. Cypresswood Self Storage is a pride of ownership facility.

$4,495,000
Property Type:
Traditional Site 
Status :
Available 
Rentable Square Feet:
43,600 Sq Ft
Acreage:
2.11 Acres
Number of Buildings:
3 Bldg(s)
Number of Units:
371 Unit(s)
Room For Expansion
No
Cap Rate:
6.10 %
Days Listed:
44 Days
Updated:
12/18/18 

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