HOUSTON, TX | The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Coastal Boat & RV Storage, a 191,294 square foot storage facility located in Angleton, Texas.
Dave Knobler, Senior Managing Director Investments in Marcus & Millichap’s Houston, Texas office and Charles “Chico” LeClaire, Executive Managing Director Investments in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a local developer. “Despite not having big city demographics, the market reacted favorably to the asset as we received numerous offers,” said Knobler. “It’s coastal (pardon the pun) location and high-quality construction provided long term stability and there is ample expansion room.”
“Despite not having big city demographics, the market reacted favorably to the asset as we received numerous offers. It’s coastal (pardon the pun) location and high-quality construction provided long term stability and there is ample expansion rooms.”
The property sits on approximately 20.34 acres of land and consists of 376 enclosed units. The property was constructed in two phases between 2017 and 2020. There are several first-class amenities that are commensurate with the high-end boats and recreational vehicles and other “toys” that are stored at this facility including concrete parking surfaces, electrical outlets in each of the units, a manager’s office, security fencing and a wrought iron entrance gate with keycode access. Coastal Boat & RV Storage has around 1,200 feet of frontage on Texas State Highway 35 (SH 35) approximately a quarter of a mile from the intersection of Texas State Highway 288 (SH 288) and is conveniently located near the beaches, bays, numerous bayous, and camping spots that Brazoria County offers.
