Bay Mini Storage

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Bay Mini Storage (the “Property” or “Offering”), a privately owned and operated self storage facility located in Baytown, Texas, a southeastern suburb of Houston. Originally constructed in 1973, the Property is comprised of five single-story buildings totaling 41,200 rentable square feet across 377 non-climate drive-up units. The existing buildings are positioned on a 2.06-acre site with 0.7-acres of additional expansion land along Ward Road. The facility has been privately owned and managed since it originally opened, and is well positioned within a densely populated submarket of the Houston MSA with healthy self storage supply/demand dynamics, significant surrounding residential activity, and excellent accessibility.

In recent years, the Property has fallen behind its competitors in the submarket and has dropped to 46% occupancy. There is significant low-hanging fruit for a new owner to quickly improve curb appeal, marketing, and operations at the Property to dramatically improve performance. For this reason, the Property is being offered at an extremely compelling discount to replacement cost, allowing a new owner the flexibility to incorporate the improvements needed to reenergize the facility while maintaining a very attractive basis. All-in-all, the Offering represents an excellent opportunity to acquire a well-located self storage facility at a discounted price with huge value-add upside.