Current Use by Public Records
- Self storage facilities
Property Details for 8109 Us-77
- Year built
- 2001
- Lot size
- 5.81 lot acres
- Property type
- Self storage facilities
Description
This exceptional self-storage investment opportunity, SeaSide Storage, is located at 8109 US-77 in Sinton, Texas. The 70,978 square foot facility, built between 2001 and 2024 (with renovations completed in 2024), boasts 443 units across 17 single-story buildings situated on a 5.81-acre lot. Currently operating at 61% occupancy (projected to reach 100% by October 14, 2024), the property offers a compelling value-add opportunity. The asking price is $4,800,000, representing a current cap rate of 5.27% and a pro-forma cap rate of 7.99%. The current NOI is $252,953, projected to increase to $383,287. Key features include a prime location on US Highway 77 (IH-69), experiencing over 17,000 vehicles daily, an automatic gate with keypad access and 24/7 video surveillance, and a management office with two full bathrooms. The property's recent expansion following eminent domain acquisition provides significant upside potential through increased rental rates and ancillary income streams. Additional acreage is available for future expansion. This well-maintained facility presents a strong investment opportunity with significant potential for increased profitability. The property benefits from excellent lighting throughout and a newly functional website.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Sinton
- County
- San Patricio
- State
- Texas
- Longitude
- -97.5314
- Latitude
- 28.0286
