Special Purpose Facility

Savannah HWY6 Self Storage

14215 Highway 6 Rosharon, Texas United States 77583-1471
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2022
Building Area Net
Number of units 678

Property description

LOCATION: The property is situated at 14215 Hwy 6 at the intersection of Ladonia St and Highway 6 in Fort Bend County - the second fastest growing county in the US.


ACRES:+/- 6.14 acres (267,458 square feet)


TRAFFIC COUNT: +/- 30,000 VPD (Highway 6), +/- 13,500 VPD (FM 521 Rd), and +/- 775 VPD (Ladonia St)


UTILITIES: Internet and phone: Comcast | Power: Cirro Energy


YEAR BUILT: The facility is currently under construction and planned for delivery Q3 2022.


CONSTRUCTION DETAIL: The facility will consist of six, one level buildings.


ELEVATOR DETAIL: N/A


HVAC DETAIL: Trane airhanders and compressor


APARTMENT: N/A


OFFICE: 900 square feet


CLIMATE CONTROLLED: The facility is 80% climate controlled.


FEATURES AND AMENITIES: The facility will include climate controlled units, drive-up units, cylinder locks, gate access, and on-site management.


PERSONNEL: Full-time Property Manager: 40-45 hours per week and Assistant Manager: 27-30 hours per week.


MANAGEMENT: The property is professionally managed by The Jenkins Organization.


SOFTWARE: Sitelink


SECURITY: Ooentech


OPERATION HOURS (OFFICE):

Monday - Friday: 9:30 am - 6:00 pm

Saturday: 8:00 am - 5:00 pm

Sunday: 1:00 pm - 5:00 pm

Investment highlights

NEW BEST IN CLASS CONSTRUCTION

Savannah HWY6 Self Storage at 14215 Hwy 6 will be delivered in Q3 2022. The facility is being constructed to Class A standards with an assortment of modern features and amenities – including climate-controlled and drive-up units.


EXCELLENT VISIBILITY TO OVER 44,000 VPD

Savannah HWY6 Self Storage has excellent visibility along Highway 6 (30,000 VPD), FM 521 Rd (13,500 VPD).


ABUNDANCE OF NEW RESIDENTIAL DEVELOPMENT

The property is located in Fort Bend County, the second fastest growing county in the U.S., which has seen rapid population growth and commercial development over the last 20 years. In addition, there are numerous new housing developments under construction and in the planning phase within a short commute to the property - including 3,000 new homes for Sienna Plantation’s South.


ADVANTAGEOUS PROPERT TAXES

The property is uniquely tax advantaged because the parcel has out of district service with the MUD. Hence, the property cannot be annexed by the city of Arcola and will maintain a 1.76% tax rate, well below standard tax rates across Texas counties.


HOUSTON POST-COVID JOB AND POPULATION GROWTH

The Houston MSA created 151,800 jobs in 2021, which was Houston’s best year ever for employment growth. In addition, Houston is projected to add another 75,500 jobs in 2022. Last year also saw Houston overtake Dallas in Fortune 500 companies with the addition of four new headquarters - ranking 3rd in the country in total Fortune 500 headquarters.

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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