Conroe, TX
Conroe TX Development Site
$1,450,000
702 Units
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Conroe, TX
Conroe TX Development Site
$1,450,000
702 Units
Self-Storage Development Opportunity in the rapidly growing City of Conroe, Texas.
This site includes 1.796 +/- acres with approx. 418 feet of frontage along Porter Road and 8,375 cars per day, as well as visibility from S Loop 336 with over 28,997 cars per day. Located next to the corner of Porter Rd and S Loop 336, this site is between the Valero gas station and Urban Oaks, a newer apartment complex.
This site has in place strong demographics with over 42,000 residents in 3 miles and AHHI of $103,252. The market area continues to see massive growth, with a population increase of 61.83% since the 2010 census, according to World Population Review. Major residential projects underway total over 11,500 housing units in various stages of development.
The proposed project includes a 3-story 95,700 GSF | 74,750 NRSF | 702 units of class A climate-controlled self-storage. The sale is contingent upon the Seller providing this fully site plan approved site with permits.
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Bay City, TX
World Wide Storage + Tractor Supply Co.
$4,500,000
374 Units
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Bay City, TX
World Wide Storage + Tractor Supply Co.
$4,500,000
374 Units
World Wide Storage is a single story 374-unit storage facility located on the main thoroughfare into Bay City. Not only is it the newest and best in class facility, but it’s also 98% climate controlled with mezzanine expansion options. Since opening August of 2022, the property has achieved 90% Occupancy. Newer improvements including 4k security cameras and stadium lighting paired with the new construction are what continue to attract Bay City and surrounding area renters. Previously an old Walmart, the building is located on approximately 10.83 acres of land (per Matagorda CAD records) and includes a large parking lot adjacent to 7th street. The east side of the building is 100% leased to Tractor Supply, who occupies 26,950 square feet. Combined with the stability of the credit rated triple net tenant, growing demographics, and a strong first lease up, this opportunity presents a unique investment opportunity.
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