7995 College StBeaumont, TX 77707

Property Details for 7995 College St

Year built

1968

Lot size

2.39 AC

Property size (Sq ft)

21,326 SF

Property type

Other commercial real estate

APN

042450-000-010600-00000

APU

4245000001060000000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $6,710,270

  Hospitality

  $6,146,572

  Educational

  $5,113,876

  Medical

  $5,289,750

  Retail

  $7,954,917

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0671

Longitude

-94.1844

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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