Beaumont, TX
$8,165,000
210 Interstate 10
The Radiant Storage facility at 210 I-10 in Beaumont is a well located drive up self storage property containing 66,720 rentable square feet. The property consists of 78 climate controlled units and 449 non-climate unit and one (1) billboard.
The asking price of the property translates to $38 per rentable square foot which sits well below replacement cost for a property in this area. This property benefits from the high visibility of interstate frontage catering to the surrounding commercial and residential customers in the area.
For an operator with a strong regional marketing platform, the current occupancy offers an opportunity for revenue to grow significantly while owning an asset well below replacement cost.
6045 College St.
The Radiant Storage facility at 6045 College St in Beaumont is a 128,870 square foot drive up self storage consisting of climate and non-climate units plus 8,740 square feet of open and covered RV and boat parking.
The scale of the property allows for a variety of storage offerings to cater to the diverse customer base in the area. At 43% occupancy, the property allows a proven operator in the region the ability to capture significant revenue increases over the hold period.
The asking price of the property translates to $44 per rentable square foot which sits well below replacement cost for a property in this area.
