1957 Oak StGoliad, TX 77963

Property Details for 1957 Oak St

Year built

2024

Lot size

1.50 AC

Property size (Sq ft)

9,550 SF

Property type

Self storage facilities

Description

This exceptional 9,550 square foot self-storage facility in Goliad, Texas, presents a compelling investment opportunity. Built in 2024, this single-story building sits on a 1.5-acre lot and boasts 67 units, including 44 climate-controlled units ranging from 100 to 200 square feet and 23 non-climate-controlled units ranging from 50 to 250 square feet. Additionally, there are 36 uncovered parking spaces for RVs and boats. The property features a gated entry with personalized gate access (expected completion August 2024). Currently operating and benefiting from lease-up activity and rental rate growth, this facility is uniquely positioned as the only climate-controlled self-storage option in Goliad, with only one other facility under construction. The asking price is $895,000, representing a pro-forma cap rate of 11.16% and a pro-forma NOI of $99,876. The land value is $13.70 per square foot, and the price per unit is $13,358. Located on US 59 with an annual average daily traffic count of 7,250 vehicles, this property benefits from its strategic location in Goliad, the third oldest town in Texas, known for its historical significance and diverse workforce. Major employers in the area include La Bahia Nursing Home, Goliad Independent School District, and Texas State Health Services.

Location Insight

City

Goliad

County

Goliad

State

Texas

Latitude

28.6714

Longitude

-97.3674

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