7995 College St Beaumont, TX 77707-3048

Property Details for 7995 College St

Year built

1968

Lot size

2.39 lot acres

Property size

21,326 SF

Property type

Commercial real estate

APN

042450-000-010600-00000

APU

4245000001060000000

Description

This exceptional investment opportunity comprises two self-storage facilities in Beaumont, Texas, totaling 355 units and 40,355 net rentable square feet. Strategically located on +/- 3.91 acres, these properties boast 15 single-story buildings, offering a compelling value-add proposition. Situated on major thoroughfares with high daily traffic counts (23,248 and 51,900 vehicles respectively), these facilities benefit from strong consumer demand drivers. The College Street location is within a bustling retail corridor, while the Lamar University location enjoys proximity to the university and Highway 287. Amenities include gated entries with digital keycode access, roll-up doors, concrete driveways (at one location), video surveillance, and on-site manager's offices at each location. Three outdoor parking spaces and an 840-square-foot warehouse unit are also included. Recent capital expenditures totaling approximately $350,000 have maintained the properties in excellent working order. Currently operating at approximately 63% occupancy, these facilities present significant upside potential, with achieved rental rates at approximately 60% of market REIT-managed facilities. The Lamar University location even includes a five-bedroom apartment with potential for conversion into additional income-generating space. Built between 1970 and 1978, this portfolio offers a rare chance to acquire established assets in a prime location with substantial growth prospects.

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Longitude

-94.1844

Latitude

30.0671

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments