Bay City, TX
$4,500,000
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.
