Kool Storage

FESCH.TV INFORMIERT:

Kool Storage is a 47,495 net rentable square foot self-storage facility located in Rockport, TX which is approximately 30 miles north of Corpus Christi. The property sits on+/- 6.15 acres of land and has seven single story climate-controlled buildings consisting of 500 total units. The facility has numerous amenities including but
not limited to video surveillance throughout the property, buildings with key code access, roll-up doors, concrete driveways, a full-service on-site manager’s office
and a one-bedroom manager’s apartment.
Kool Storage fronts on Texas State Highway 35 which is a thoroughfare stretching from Houston to Corpus Christi along the Texas gulf coast. The property provides a
convenient location for customers coming from throughout Aransas County with+/- 17,297 vehicles passing the facility daily. Additionally, over 30% of the tenants
live outside of Rockport and presumably utilize the storage facility for their vacation homes. Rockport is a major tourist destination and known for its bountiful
fishing, bird watching and art. It’s accolades are numerous. USA Today ranks Rockport as the #3 best small coastal town in America and Texas Highways Magazine
ranks Rockport as the #6 top travel destination in Texas. Aside from tourism, Rockport is the county seat of Aransas County and the beneficiary of an economic boom
throughout the Coastal Bend with approximately $54 billion dollars being invested in the area by various companies over the last 10 years.
The Seller purchased the property in 2012 and then added five buildings between 2013 – 2019. Essentially every time a building reached 80% occupancy, the Seller
started erecting a new structure. There is approximately two acres of expansion land included in this offering. The facility sits 22 feet above sea level and has not
experienced any flooding issues, including during Hurricane Harvey in 2017. Kool Storage provides an investor with a high quality, highly occupied, recently
constructed asset with expansion potential in a growing area that’s also one of the most popular tourist destinations in Texas.