A&M Storage Wellborn

Property Location

6770 Victoria Ave
College Station, TX 77845

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investment highlights

  • Undersupplied Market // 7.94 Square Feet Per Capita
  • Thriving Location // Three- Mile Average Household Income of $100,054
  • High Barriers to Entry // No vacant commercial parcels in the Wellborn district.
  • College Station has approved a Self-Storage development up to thirty-five feet tall.
  • Frontage on Victoria Avenue // Primary Residential Connector Through Wellborn
  • Current & Future Population 2022 Estimated // 3 Mile: 56,592 | 5 Mile: 121,623 2027 Projected: 3 Mile: 63,495 | 5 Mile: 133,825

property summary

A&M Super Storage Welborn is a 96-unit storage facility located in College Station, Texas. The property sits on approximately 2.24 acres of land and has sixty covered parking spaces that total 29,816 square feet and thirty-six outdoor parking spaces. The property was constructed in 2008 and it features a gated entry with a digital keypad, video surveillance throughout the facility, and asphalt driveways. A&M Super Storage Wellborn fronts on Victoria Avenue which travels through the heart of a rapidly growing area of College Station. There are multiple single-family neighborhoods within close proximity to the facility and several new neighborhoods under construction. There are 56,592 people living in a 3-mile radius. Additionally, A&M Super Storage Wellborn is approximately ¼ mile from Wellborn Road which is another busy street that traverses College Station and sees traffic counts of over 8,200. The facility is over 90 percent occupied with zero marketing or advertising being utilized and there are numerous drivers that should continue to make A&M Super Storage Wellborn a stable asset. The facility is 7.3 miles from Texas A&M University which at around 70,000 students is the second largest university in the nation. In the event an investor would like to capitalize on the area growth and redevelop the property into a traditional Self-Storage facility, the city of College Station has approved the property to be constructed up to thirty-five feet high. Huge barriers to entry exist as this is the only parcel in the Wellborn economic district that seems a likely candidate for a storage redevelopment since the other commercial parcels are already substantially improved. Drainage is already in place so a buyer would not lose area with detention requirements. Yardi Matrix estimates the per capita Self-Storage is under eight square feet and given the growth of the area demand figures to continue to rise. This statistic is not lost on the seller who is a local developer and has built other successful storage projects and thinks this is a prime location for another facility.

Broker Information

Dave Knobler

Senior Managing Director

Phone: 713.452.4293
Email: dknobler@marcusmillichap.com
License: TX 606252

Arol Horkavy

Investment Associate

Phone: (512) 338-7868
Email: arol.horkavy@marcusmillichap.com
License: TX: 731899

Jon Danklefs

First Vice President

Phone: (210) 343-7838
Email: jon.danklefs@marcusmillichap.com
License: TX: 603587

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