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Radiant Storage - 6045 College St | 2-Property Portfolio
ADDRESS
6045 College Street
CITY
Beaumont
STATE
TX
For Sale
Self Storage
$5,645,000 (this asset only)
OVERVIEW
6045 College St.
The Radiant Storage facility at 6045 College St in Beaumont is a 128,870 square foot drive up self storage consisting of climate and non-climate units plus 8,740 square feet of open and covered RV and boat parking.
The scale of the property allows for a variety of storage offerings to cater to the diverse customer base in the area. At 43% occupancy, the property allows a proven operator in the region the ability to capture significant revenue increases over the hold period.
The asking price of the property translates to $44 per rentable square foot which sits well below replacement cost for a property in this area.
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