7603 Wright Rd - Dry Dockers Boat & RV Storage Immeuble de 79 025 pi² • Spécialité • À vendre • Houston, TX 77041

PRICE REDUCTION
Property Website: https://leclaireschlossergroup.com/listing/dry-dockers-boat-and-rv-storage-in-houston-tx/
Dry Dockers Boat & RV Storage is a 214 unit, 79,025 net rentable square foot boat and RV storage facility situated on approximately 4.73 acres in Houston, Texas. While the property is primarily composed of traditional enclosed units with swing doors, there are also 16 uncovered outdoor parking spaces included in the unit mix. The property has amenities such as lighting and an electrical outlet in each unit, concrete parking surfaces, a security gate with key code access, security lighting and video surveillance.
The property benefits from strong demographics. The average household income is close to $111,000 annually and there are nearly 100,000 residents within a three-mile radius and close to 275,000 people live within five miles of the property. Dry Dockers Boat & RV Storage is in close proximity to US Highway 290, Beltway 8, and FM 529 and the location provides a convenient storage solution for residents living in communities such as Jersey Village, Hearthstone, and Lakes on Eldridge. Given the facility is also about 15 miles from downtown Houston, it’s also an ideal location for commercial tenants who need access to major freeways to get into Houston’s urban core.
Dry Dockers Boat & RV Storage provides an investor the opportunity to purchase a property with upside in raising occupancy and rental rates while still achieving an in-place cap rate over 7.25 percent. Furthermore, ownership recently began converting fourteen 12x27 units into seven 12x54 pull through spaces that are typically desirable in hopes of sparking occupancy while still commanding a similar price per foot. By reducing the economic vacancy to 85 percent and nudging up achieved rental rates by five percent an investor should expect to see a year one unlevered return of nearly 8.25 percent. As of October 31st, 2025, Dry Dockers Boat & RV Storage is 80 percent physically occupied.