Extra Space Storage (Managed)
Alvin, TX
Asking price
—
Units
594
Cap rate
—
Price / unit
—
About this property
SIGNIFICANT OPERATIONAL UPSIDE // Revenue has increased roughly 60 percent since REIT management was implemented, yet asking rents remain materially below submarket levels. MEANINGFUL RATE GROWTH RUNWAY // Comparable REIT managed facilities in the trade area achieve rents 25–30 percent higher than current levels at this property. STRONG DEMOGRAPHIC BASE // Approximately 33,000 residents live within three miles, with average household incomes exceeding $84,000. HIGH VISIBILITY LOCATION // The property sits just 0.2 miles from Alvin High School, a 6A campus with nearly 2,700 students and consistent daily traffic. POSITIONED IN A GROWTH CORRIDOR // Alvin is experiencing rapid residential expansion, highlighted by D.R. Horton’s 223 home Watermark community located less than 1.5 miles away. MAJOR INFRASTRUCTURE CATALYST // Construction on Segment B of the TX 99 Grand Parkway is expected to begin 3.5 miles south, improving long term accessibility and demand. RECENT CAPITAL IMPROVEMENTS // The Seller has invested approximately $466,000 in CAPEX over the past two years, including roof repairs and operational enhancements. STABLE OCCUPANCY WITH UPSIDE // Extra Space Storage (Managed) is app
All details
| Asking price | On request |
|---|---|
| Units | 594 |
| Building size | 62,635 sq ft |
| Address | 1400 S. Durant Street |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
