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10967 Highway 12 - Security Plus Storage

17,816 SF Specialty Building Offered at $1,350,000 in Orange, TX 77632

Investment Highlights

  • Orange, Texas (Beaumont MSA)
  • 0.1 Miles From TX-62
  • 6.5 Miles From Interstate 10
  • Frontage on TX-12
  • 0.4 Miles From Market Basket Grocery Store
  • 10.2 Miles From Walmart Shopping Center (Walgreens, Jack in the Box & Dollar General)

Executive Summary

https://versalpartners.com/properties/security-plus-storage/
Security Plus Storage is a 17,816 NRSF storage facility located in Orange, Texas, part of the Beaumont, Texas MSA. The facility is strategically located with frontage on TX Highway 12, 0.1 miles from TX Highway 62 and 6.5 miles from Interstate 10. Additionally, Security Plus
Storage is located 0.4 miles from Market Basket Grocery Store and several other national retailers such as Dairy Queen, Sonic and Dollar General.
Built in 1990 and expanded in 2022, the facility consists of 34 climate storage units and 85 non-climate storage units. The facility also has a 2,000 sq. ft. on-site shop that is leased year-to-year to a boutique shop and a month-to-month lease to a food truck that is parked onsite. Construction highlights include concrete and gravel driveways and steel and metal buildings. Security Plus Storage is fully equipped with gated entry with keypad access, perimeter fencing, security cameras, exterior lighting and an on-site office. Additionally, the facility has ample expansion room to add additional storage or retail buildings.
The physical occupancy is currently 87% and the economic occupancy is 70%

Property Facts

Price $1,350,000
Price Per SF $76
Sale Type Investment
Property Type Specialty
Property Subtype Self-Storage
Building Class B
Lot Size 3.00 AC
Building Size 17,816 SF
No. Stories 1
Year Built/Renovated 1990/2017

Amenities

  • Air Conditioning
  • Listing ID: 29900368

  • Date on Market: 10/27/2023

  • Last Updated:

  • Address: 10967 Highway 12, Orange, TX 77632

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