NEW LISTING: South College Station Investment Property With 96% Occupancy

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July 12, 2018 by OLDHAM GOODWIN

College Station, Texas — Oldham Goodwin Group, LLC is excited to announce the Arrington Road Self Storage being brought to the market for sale.

Arrington Road Self Storage is located at 1555 Arrington Road at the southern edge of the city limits of College Station. The property sits just south of three major developments, in order of proximity, Caprock Crossing, HEB anchored Tower Point, and Lowe’s anchored Spring Creek Commons. All three developments boast national retailers and multiple office buildings. In the Tower Point development there is even a new multifamily development, SoCo at Tower Point with 318 brand new units with a mix of 1, 2, and 3 bedrooms.

Other notable surrounding properties are the large, high income, residential subdivisions consisting of Castlegate (689+ homes), Castlegate II (840+ homes), Greens Prairie Reserve (900+ homes), Nantucket (167+ homes), Indian Lakes (255+ homes), and Creek Meadows (950+ homes). This is a total of 3,801+ single family homes less than 3 miles from the property on the right side of Highway 6 and Highway 40. This number doesn’t even take into account for the additional homes to the north and east of the major roads not to mention the homes in the southwestern area that are in smaller subdivisions or not a part of any subdivision

The property itself boasts a 96+% occupancy with unit mix consisting of 105 non-climate controlled units, 43 climate controlled units, 16 enclosed parking units, 16 covered parking units, and an additional 41 large open parking spaces. This makes for a total of180 rentable units. In addition to the already in place income of the rental units is the raw developable land on the backside(east) of the property. It is approximately one and one half acres of income possibility.

For more information about this property or other real estate opportunities, please contact Tyler Bradfield.