Documents
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Key facts
Year Built | 2022 |
Building Area Net |
|
Number of units | 678 |
Property description
LOCATION: The property is situated at 14215 Hwy 6 at the intersection of Ladonia St and Highway 6 in Fort Bend County - the second fastest growing county in the US.
ACRES:+/- 6.14 acres (267,458 square feet)
TRAFFIC COUNT: +/- 30,000 VPD (Highway 6), +/- 13,500 VPD (FM 521 Rd), and +/- 775 VPD (Ladonia St)
UTILITIES: Internet and phone: Comcast | Power: Cirro Energy
YEAR BUILT: The facility is currently under construction and planned for delivery Q3 2022.
CONSTRUCTION DETAIL: The facility will consist of six, one level buildings.
ELEVATOR DETAIL: N/A
HVAC DETAIL: Trane airhanders and compressor
APARTMENT: N/A
OFFICE: 900 square feet
CLIMATE CONTROLLED: The facility is 80% climate controlled.
FEATURES AND AMENITIES: The facility will include climate controlled units, drive-up units, cylinder locks, gate access, and on-site management.
PERSONNEL: Full-time Property Manager: 40-45 hours per week and Assistant Manager: 27-30 hours per week.
MANAGEMENT: The property is professionally managed by The Jenkins Organization.
SOFTWARE: Sitelink
SECURITY: Ooentech
OPERATION HOURS (OFFICE):
Monday - Friday: 9:30 am - 6:00 pm
Saturday: 8:00 am - 5:00 pm
Sunday: 1:00 pm - 5:00 pm
Investment highlights
NEW BEST IN CLASS CONSTRUCTION
Savannah HWY6 Self Storage at 14215 Hwy 6 will be delivered in Q3 2022. The facility is being constructed to Class A standards with an assortment of modern features and amenities – including climate-controlled and drive-up units.
EXCELLENT VISIBILITY TO OVER 44,000 VPD
Savannah HWY6 Self Storage has excellent visibility along Highway 6 (30,000 VPD), FM 521 Rd (13,500 VPD).
ABUNDANCE OF NEW RESIDENTIAL DEVELOPMENT
The property is located in Fort Bend County, the second fastest growing county in the U.S., which has seen rapid population growth and commercial development over the last 20 years. In addition, there are numerous new housing developments under construction and in the planning phase within a short commute to the property - including 3,000 new homes for Sienna Plantation’s South.
ADVANTAGEOUS PROPERT TAXES
The property is uniquely tax advantaged because the parcel has out of district service with the MUD. Hence, the property cannot be annexed by the city of Arcola and will maintain a 1.76% tax rate, well below standard tax rates across Texas counties.
HOUSTON POST-COVID JOB AND POPULATION GROWTH
The Houston MSA created 151,800 jobs in 2021, which was Houston’s best year ever for employment growth. In addition, Houston is projected to add another 75,500 jobs in 2022. Last year also saw Houston overtake Dallas in Fortune 500 companies with the addition of four new headquarters - ranking 3rd in the country in total Fortune 500 headquarters.