coastal self storage

Grandstone is pleased to present Coastal Self Storage, a self-storage facility located in Bay City, Texas, offering a compelling value-add investment opportunity. The property comprises 89 non-climate-controlled units and 23 outdoor parking spaces, totaling 13,480 net rentable square feet. Situated on a 1.18-acre parcel, the facility benefits from excellent accessibility along Sargent Drive and serves a growing residential base, with approximately 19,000 people and an average household income of $73,000 within a five-mile radius.

With current physical occupancy at just over 41%, the asset provides significant upside through a lease-up strategy paired with targeted operational and maintenance enhancements. Year 1 projections demonstrate a strong repositioning trajectory, with a cap rate rising from 1.22% at acquisition to a projected 9.69% by the end of the first year. Over a five-year hold, the asset offers the potential for a 34.0% levered IRR and a 3.54x equity multiple at the $600,000 acquisition price.

Coastal Self Storage is positioned in a lightly saturated market with room for rent growth, as comparable facilities command higher average rates per square foot. The site’s unit mix accommodates a range of tenant needs, from smaller 5×10 units to larger 10×30 and 12×30 options, alongside ample parking for boats, trailers, or vehicles.

With its below-market acquisition basis, strong demand drivers, and clear path to stabilization, Coastal Self Storage represents a rare opportunity for investors seeking both near-term cash flow growth and long-term value appreciation in a supply-constrained market.