- FACILITY IS EQUIPPED WITH STATE-OF-THE-ART TECHNOLOGY INCLUDING $150,000 RECENTLY SPENT ON THE JANUS NOKĒ SMART ENTRY SYSTEM.
- NEW CONSTRUCTION // Facility was built in two phases between 2019 and 2020.
- AFFLUENT AREA // $145,472 Average Household Income
- FRONTAGE ON KUYKENDAHL ROAD // 30,198 Daily Traffic Counts
- OUT OF STATE OWNERSHIP LOOKING TO INVEST THE PROCEEDS CLOSER TO HOME.
- MASSIVE UPSIDE // Achieved Rents Are Only 56 Percent of the Top Submarket Operators
- BOOMING POPULATION GROWTH AREA OF TOMBALL // There are currently around 68,000 residents within three miles and the area is projected to grow 25 percent within five years.
Tech Secured Storage is a 60,025 NRSF Self-Storage facility located in Tomball, Texas. The facility borders the high-end area of The Woodlands, Texas which is a northern suburb 30 miles from downtown Houston. The property sits on approximately three acres of land and has one two-story climate controlled building and two single story drive up buildings that were built in 2019. Tech Secured Storage lives up to its name with numerous state of the art technological amenities. The units are equipped with the Janus International, Nokē Smart Entry system (www.janusintl.com/products/noke) which was approximately a $150,000 investment installed in the summer of 2022. Each Nokē ONE lock is stainless steel with a built in thermal sensor monitoring each unit. The entrance gate is also synchronized to the Smart Entry system so customers can access the facility and unit all through their smartphones. In addition, one half of the manager’s office can be locked while the main entrance door remains open, allowing the 24/7 Open Tech Alliance kiosk to take payments and rent units after hours.
With an average household income of over $145,000, the asset is ideally positioned to the needs of the high demographic tenants that live nearby. Sitting at nearly 68,000 residents, the population within three miles of Tech Secured Storage almost doubled over the last decade. The population boom in the area doesn’t appear to be slowing down, projections suggest another 25 percent in growth by 2027. Driving the area’s prosperity are major employment centers like the Exxon Mobil Campus, Hewlett Packard Enterprises HQ, and Southwestern Energy, all only five miles away. Nationally top rated schools are continuing to drive more families and businesses to the area. Approximately 30,198 vehicles per day pass by the property. Kuykendahl is a primary thoroughfare that connects north Houston near I-45 and Beltway 8 to the northern suburbs such as Tomball, Spring, and The Woodlands.
Tech Secured Storage offers an investor the opportunity to own a newly constructed facility on a busy street in a high demographic area of one of the nations most populated metropolitan areas. Additionally, the various technology that is being used at the facility including the investment in the Janus Nokē Smart Entry system not only provides an additional layer of security, but also offers a buyer infrastructure to reduce future onsite management costs. With rental rates approximately 56 percent of older professionally managed facilities that have less climate control units, a purchaser could achieve a 6.34 percent return by getting operations in line with sub market norms. The Seller is a California based family who self manages the asset and is looking to trade into something closer to home.
As of August 31st, the property is approximately 83 percent physically occupied.