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7995 College StBeaumont, TX 77707

Two facilities, 355 units, high traffic

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity comprises two self-storage facilities in Beaumont, Texas, totaling 355 units and 40,355 net rentable square feet. Strategically located on +/- 3.91 acres, these properties boast 15 single-story buildings, offering a compelling value-add proposition. Situated on major thoroughfares with high daily traffic counts (23,248 and 51,900 vehicles respectively), these facilities benefit from strong consumer demand drivers. The College Street location is within a bustling retail corridor, while the Lamar University location enjoys proximity to the university and Highway 287. Amenities include gated entries with digital keycode access, roll-up doors, concrete driveways (at one location), video surveillance, and on-site manager's offices at each location. Three outdoor parking spaces and an 840-square-foot warehouse unit are also included. Recent capital expenditures totaling approximately $350,000 have maintained the properties in excellent working order. Currently operating at approximately 63% occupancy, these facilities present significant upside potential, with achieved rental rates at approximately 60% of market REIT-managed facilities. The Lamar University location even includes a five-bedroom apartment with potential for conversion into additional income-generating space. Built between 1970 and 1978, this portfolio offers a rare chance to acquire established assets in a prime location with substantial growth prospects.

Highlights

  • High-visibility infill location in Beaumont, TX, with strong traffic counts (23,248 and 51,900 vehicles daily) on major thoroughfares.
  • Prime Beaumont location near the Port of Beaumont and downtown.
  • $350,000 in recent capital expenditures.

Property Details for 7995 College St

Property type
Self storage facilities
Year Built
1970
Buildings
15
Stories
1
Lot Size (sq. ft)
170,320 SF
Units
355

Location Insight

City
Beaumont
County
Jefferson
State
Texas
Latitude
30.0671327
Longitude
-94.1848223
7995 College St, Beaumont, Texas

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7995 College St
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