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226 Frontage Rd - Smartlock Self Storage® - Brownsville 12,276 SF Specialty Building Offered For Sale in Brownsville, TX 78521
Investment Highlights
- 12,276 RSF climate-controlled storage facility
- Stabilized occupancy property with newly executed retail lease
- Adjoining 21,294 SF retail space (leased – 3 year term)
- Price offered below replacement cost
Executive Summary
Smartlock Storage in Brownsville, TX (226 N. Expressway)features 12,276 square feet of climate-controlled storage units and maintains a stabilized economic occupancy of over 90%. Additionally, the adjoining 21,294 SF retail space (234 N. Expressway) was recently leased on a three-year term.
The facility is ideally situated directly off Interstate 69, offering excellent visibility and accessibility. This presents a compelling opportunity for a buyer to increase rental rates, which remain below market due to recent lease-up activity, and to explore options for either converting the retail space or negotiating an extension with the current tenant.
The facility is ideally situated directly off Interstate 69, offering excellent visibility and accessibility. This presents a compelling opportunity for a buyer to increase rental rates, which remain below market due to recent lease-up activity, and to explore options for either converting the retail space or negotiating an extension with the current tenant.
Property Facts Under Contract
| Sale Type | Investment | Building Size | 12,276 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built/Renovated | 1967/2022 |
| Building Class | C | Cross Streets | Stanford Avenue |
| Lot Size | 1.00 AC | ||
| Zoning | F1 - Commercial | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 12,276 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2022 |
| Cross Streets | Stanford Avenue |
| Zoning | F1 - Commercial |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $214,800 CAD | |
| Land Assessment | $140,953 CAD | Total Assessment | $355,753 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$140,953 CAD
Improvements Assessment
$214,800 CAD
Total Assessment
$355,753 CAD
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226 Frontage Rd - Smartlock Self Storage® - Brownsville
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