Nacogdoches Self Storage was an off-market property acquisition with an upside in all three purchase strategies – management, enhancements and expansion opportunities. The property is located in a secondary market, 140 miles northeast of Houston, TX.
Nacogdoches is located within the City of Nacogdoches and Nacogdoches County, consisting of the cities of Nacogdoches, Garrison, Cushing, Appleby, and Chireno, with a combined approximate population of 35,830. The subject property is located along South Street and Loop 224, one of the prime commercial locations in Nacogdoches, with a number of national retail properties present. It appears to be established and not as mature as other areas of the city, with a number of national credit facilities, office properties, church properties, and hotels.
The neighborhood is served by the highly regarded Nacogdoches Independent School District, and there are a variety of youth sports and recreational activities available, comprising a city park, a swimming pool, a large youth center, and an agricultural building. It is also the home of Stephen F. Austin State University.
County residents have access to multiple health care services and facilities, including the Surgery Center of Nacogdoches and Nacogdoches Surgery Center. There are several Assisted Living and Retirement developments in the area.
The City of Nacogdoches has enjoyed continued growth over the past 30 years. Occupancy levels and rental rates are rising, and positive market activity is occurring throughout the neighborhood. New retail/service construction, periodic residential development, and regular construction of end-user commercial facilities contribute to a promising outlook for the general neighborhood.