JUST A CLOSET SELF STORAGE PORTFOLIO

RIO GRANDE VALLEY, TX

ACCESS MATERIALS

JUST A CLOSET SELF STORAGE PORTFOLIO

RIO GRANDE VALLEY, TX

  • ADDRESS 1: 5700 MILE 4 ROAD
  • COMBINED
  • ADDRESS 2: 1415 W DURANTA AVE
  • RSF 413,625
  • ADDRESS 3: 8412 N 10TH STREET
  • UNITS 2,911
  • ADDRESS 4: 2500 S MCCOLL ROAD
  • STATE TEXAS
  • ADDRESS 5: 2655 CENTRAL BLVD
  • OCCUPANCY 79%

OVERVIEW

Versal is pleased to present for purchase the Just A Closet Self Storage Portfolio consisting of five, newly built, Class “A” properties developed in the Texas Rio Grande Valley. The assets are located throughout the adjacent cities of Mission, Alamo, McAllen and Brownsville. The portfolio contains five well positioned locations with a combined 2,911 units and 413,625 rentable square feet, of which 79% are climate controlled.

INVESTMENT HIGHLIGHTS

Absolute best in class design and construction

Portfolio is 79% climate controlled in a market starved for climate product, majority of assets in portfolio experience 40-50% premium for climate rates

High exposure, “retail” style locations, fantastic real estate
All single-story assets with an abundance of convenient and desirable drive up units

Unique ability to provide customers with single story units with climate control at scale

Average SF per capita of 6.64 across all five assets

CONTACT

LOGAN FOSTER

BROKER
214 435 7966

BILL BELLOMY

PRINCIPAL & BROKER
832 623 1690

MICHAEL JOHNSON

PRINCIPAL & BROKER
713 775 6478

HUGH HORNE

PRINCIPAL & BROKER
323 720 8864