Bay City, TX
$5,700,000
World Wide Storage is a single-story 375-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 in August 2022, the property has achieved 52% Economic Occupancy, which places well above the three-year industry standard leasing curve. 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 Co., who occupies 26,950 square feet for three (3) five-year extension periods with another four years left on the lease. Combined with the stability of the credit rated triple net tenant, growing demographics, and a strong first year leasing period, this opportunity presents a unique investment opportunity.
