overview video
investment highlights
- HIGH QUALITY, CLIMATE CONTROLLED FACILITY // 161 units totaling 14,480 rentable square feet, with 85.64 percent of units offering climate controlled interior space across an efficient mix of 5×10, 10×10, 10×15, and 15×15 units.
- OPERATIONAL SIMPLICITY WITH REMOTE MANAGEMENT // The property is operated remotely by two out of state owners (Minnesota and Colorado) and still maintains approximately 91 percent physical occupancy, demonstrating strong market demand and low touch operations.
- POTENTIAL EXPANSION OPPORTUNITY // Situated on 0.85 acres, the facility allows for the opportunity to add 24 additional 8×10 portable units in the existing gravel area.
- PROXIMITY TO MAJOR ECONOMIC CATALYST // Located one mile from the Chevron Phillips Golden Triangle Polymers project, expected to create 500 full time jobs and generate an estimated $50 billion in economic impact over the next 20 years.
- RETAIL GROWTH STRENGTHENING DEMAND DRIVERS // Beneficiary of The Grove, a 35 plus acre retail development anchored by Academy Sports + Outdoors and supported by Burlington, Ross, and Five Below, now progressing through land clearing and incentive approvals.
- ECONOMIC OCCUPANCY // The property offers meaningful upside through the strategic management of existing tenants currently paying below street rates. Gradually bringing these in-place rents closer to market levels provides an opportunity to increase economic occupancy and drive rental revenue.
property summary
Gulf State Storage is a 161-unit, single-story facility totaling 14,480 rentable square feet across five buildings, originally constructed in 2008 and situated on 0.85 acres. The property offers an efficient unit mix with an average unit size of 91 square feet and has room for 1,920 NRSF of portable storage units. The facility is predominantly climate controlled, with 85.64 percent of units offering interior climate space across a mix of 5×10, 10×10, 10×15, and 15×15 units.
The facility features 24-hour video surveillance and concrete and gravel drive aisles that allow easy tenant access. Notably, the property is operated remotely by two out-of-state owners—one residing in Minnesota and the other in Colorado—yet still maintains approximately 91 percent physical occupancy.
An investor will benefit from the significant economic tailwinds forming around the property. Gulf State Storage sits just one mile from the Chevron Phillips Golden Triangle Polymers project, which is expected to generate 500 full-time jobs and deliver an estimated $50 billion in economic impact over the next 20 years. In addition, the City of Orange has advanced a major retail initiative—The Grove, a 35-plus-acre shopping center anchored by Academy Sports + Outdoors and supported by Burlington, Ross, and Five Below—now progressing through land clearing and incentive approvals. These large-scale employment and retail drivers strengthen the long-term demand profile for storage in the immediate trade area, complementing the facility’s already strong operational performance and recent street-rate increases.
