212 Abner Jackson Parkway, Lake Jackson, TX, 77566, US

Amstate Self Storage

Asset Description

LOCATION: The property is located along Abner Jackson Pkwy and This Way (over 20,000 VPD) and is just West of Nolan Ryan Expy (nearly 50,000 VPD)

ACRES: +/- 2.231 Acres (97,182 square feet)

TRAFFIC COUNT: Over 20,000 VPD (This Way) and nearly 50,000 VPD (Nolan Ryan Expy)

UTILITIES: Water and sewer services: City of Lake Jackson and Electric service: TXU Energy

YEAR BUILT: The building was originally constructed in 1987

CONSTRUCTION DETAIL: The facility is consists of a eight single story buildings, including the office at the northeast corner of the property

OFFICE / APARTMENT: The customer service office is approximately 1,179 square feet in size and includes a two bedroom / one and a half bathroom apartment

FEATURES AND AMENITIES: The facility has electronic access control, 24-hour video surveillance, surface parking units with secure fencing, and a retail oriented customer service office

MANAGEMENT: The facility is privately managed

SECURITY: The facility is equipped with a 24-hour video surveillance system

OPERATION HOURS (OFFICE): Monday - Friday: 9:00 AM - 6:00 PM; Saturday: 9:00 AM - 12:00 PM; and Sunday: Closed

OPERATION HOURS (ACCESS): All Week: 6:00 AM - 10:00 PM

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Attributes

Building area net

3,279 m²

Number of units

368 units

Year built

1987

Land area gross

9,029 m²

Occupancy

80%

Media

Investment Highlights

Excellent Cash Flow with Opportunity to Increase Value

Amstate Self Storage is approximately 75% economically leased and provides healthy cash flow and has growth potential through rental rate churn. The area surrounding the property lacks new supply, so a potential buyer has the ability to continue adding value to the property through the optimization of operational synergies. The subject property is located in an area that will continue to see a demand for self storage space, further increasing market rental rates.

Highly Visible Location Along Major Retail Expressway

Amstate Self Storage is located on Abner Jackson Pkwy, which runs parallel to Nolan Ryan Expressway (nearly 50,000 VPD) and perpendicular to This Way (over 20,000 VPD). Nolan Ryan Expressway (State Highway 288) runs North and allows Lake Jackson inhabitants direct access to downtown Houston. In addition, Lake Jackson's major retailers are located along Nolan Ryan Expressway, including: ALDI, Lowe's, Office Depot, Home Depot, Walmart, Petco, the local mall, and numerous restaurants.

Affluent Area in the Houston MSA

With an average household income of nearly $120,000 in a three-mile radius that is well above the national average, the core demographic will provide an excellent tenant base for the subject property. In addition, Lake Jackson is a part of the great Houston MSA, which is the fifth largest metropolitan area in the United States, with a population of over 7 million people. Lake Jackson will continue to benefit from Houston's growth as the suburbs continue to grow and expand closer to the coast.