Alta Vista Storage – League City, TX (Houston MSA)

Property Location

2615 Highway 3
League City, TX 77573

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investment highlights

  • Affluent Clear Lake Location – Average Household Income $108,420
  • 2018 Class “A” Construction
  • Expansion Land Included – 3.7 Acres of Usable Land with Detention Already in Place
  • No New Self-Storage Projects Within 5 Miles According to Yardi Matrix
  • 34,100 NRSF – 374 Units
  • Physical Occupancy: 93 Percent (as of May 18, 2021)
  • State Highway 3 (Old Galveston Road) Frontage – 12,387 Daily Traffic Counts
  • Approximately 1 Mile from I-45 Gulf Freeway & ¼ Mile North of FM 646
  • 3 Mile Population: 76,391

property summary

Alta Vista Storage is a 34,100 net rentable square foot self-storage facility located in League City, Texas a southeast Houston suburb. The property sits on approximately 8.4 acres of land and has two single story self-storage buildings containing 358 climate control units. There are also 16 concrete outdoor parking spaces counted in the unit mix. Included in the acreage is 3.7 acres of usable, undeveloped land that already has detention in place for the entire property. The property has an attractive facade along with many amenities commonly found in Class “A” self-storage facilities. There is a vertical pivot gated entry with a digital keypad, a full-service on-site management office, 24/7 video surveillance throughout the facility, concrete driveways, and units with roll up doors.

Alta Vista Storage fronts on State Highway 3 (Old Galveston Road) which is a primary southeast Houston artery connecting I-45 near Hobby Airport to northwest Galveston and over 12,000 vehicles pass by the facility daily. Additionally, Alta Vista Storage is approximately ¼ mile northwest of FM 646 which is another busy thoroughfare with traffic counts of around16,000. The property is in the affluent Clear Lake area with an average household income of close to $110,000 and over 75,000 people living in the trade area. The property is just over a mile from I-45 and FM 646 which is home to Victory Lakes Town Center and League City Town Center which are two substantial retail developments at the busiest intersection in League City. The Bay Area as it’s also known is a thriving area long recognized for its numerous economic drivers highlighted by the aerospace industry, petrochemical plants, tourism, healthcare, and maritime businesses.

The property opened in 2018 and is currently 93 percent physically occupied. The owner developed and self manages the asset, and this is the only self-storage facility they own. There aren’t any new facilities under construction or in the planning stages within 5 miles allowing a buyer more security in developing either more climate-control units or given Alta Vista’s proximity to the Galveston Bay Area perhaps Boat/RV storage.

Broker Information

Dave Knobler

Senior Vice President

Phone: 713.452.4200
Email: dknobler@marcusmillichap.com
License: TX 606252

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

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