8109 Us Highway 77 - SeaSide Storage 70,978 SF Specialty Building Offered at $6,281,640 CAD at a 5.62% Cap Rate in Sinton, TX 78387

SeaSide Storage is a 443-unit self-storage investment opportunity at 8109 US-77, Sinton, Texas. This 5.81 acre site is located on US Highway 77 which sees over 17,000 passing vehicles per day (Per TxDOT). US-77 is a continuation of Interstate 69; a national highway project that will facilitate interstate travel throughout the U.S., ending at the Mexican and Canadian borders. To allow continued expansion of IH-69, TxDOT recently took two acres in the front of the property via eminent domain. The current owner has fully reconstructed, and expanded the affected storage buildings in the rear portion of the property.
Until its recent reconfiguration, SeaSide Storage has historically stayed nearly 100% occupied. A new owner will be handed the keys to a well-established, pride-of-ownership property that has excellent collections and state of the art features such as automatic gate with keypad access, 10 web-enabled surveillance cameras and new LED-lighting for additional security throughout the property, and a brand new, fully-functional website. The property also has an immaculate, classic home serves as the management office - the space has a full bath and could easily be converted to accommodate a live-in manager. A new owner can immediately realize significant upside by implementing improved signage, utilizing established self-storage marketing programs like Sparefoot, creating ancillary income streams by selling tenant insurance, and raising rental rates for longstanding tenants.