Gulf State Storage
Orange, TX
Asking price
Price not disclosed
Units
161
Cap rate
—
Price / unit
—
About this property
HIGH QUALITY, CLIMATE CONTROLLED FACILITY // 161 units totaling 14,480 rentable square feet, with 85.64 percent of units offering climate controlled interior space across an efficient mix of 5×10, 10×10, 10×15, and 15×15 units. Operational simplicity with remote management // The property is operated remotely by two out of state owners (Minnesota and Colorado) and still maintains approximately 91 percent physical occupancy, demonstrating strong market demand and low touch operations. POTENTIAL EXPANSION OPPORTUNITY // Situated on 0.85 acres, the facility allows for the opportunity to add 24 additional 8×10 portable units in the existing gravel area. Proximity TO major economic catalyst // Located one mile from the Chevron Phillips Golden Triangle Polymers project, expected to create 500 full time jobs and generate an estimated $50 billion in economic impact over the next 20 years. Retail growth strengthening demand drivers // Beneficiary of The Grove, a 35 plus acre retail development anchored by Academy Sports + Outdoors and supported by Burlington, Ross, and Five Below, now progressing through land clearing and incentive approvals. ECONOMIC OCCUPANCY // The property offers meaningful upside through the strategic management of existing tenants currently paying below street rates. Gradually bringing these in-place rents closer to market levels provides an opportunity to increase economic occupancy and drive rental revenue. property summary Gulf State Storage is a 161-unit, single-story facility totaling 14,480 rentable square feet across five buildings, originally constructed in 2008 and situated on 0.85 acres. The property offers an efficient unit mix with an average unit size of 91 square feet and has room for 1,920 NRSF of portable storage units. The facility is predominantly climate controlled, with 85.64 percent of units offering interior climate space across a mix of 5×10, 10×10, 10×15, and 15×15 units. The facility features 24-hour video surveillance and concrete and gravel drive aisles that allow easy tenant access. Notably, the property is operated remotely by two out-of-state owners—one residing in Minnesota and the other in Colorado—yet still maintains approximately 91 percent physical occupancy. An investor will benefit from the significant economic tailwinds forming around the property. Gulf State Storage sits just one mile from the Chevron Phillips Golden Triangle Polymers project, which is expected to generate 500 full-time jobs and deliver an estimated $50 billion in economic impact over the next 20 years. In addition, the City of Orange has advanced a major retail initiative—The Grove, a 35-plus-acre shopping center anchored by Academy Sports + Outdoors and supported by Burlington, Ross, and Five Below—now progressing through land clearing and incentive approvals. These large-scale employment and retail drivers strengthen the long-term demand profile for storage in the immediate trade area, complementing the facility’s already strong operational performance and recent street-rate increases. Broker Information Dave Knobler Senior Managing Director Phone: 713.452.4293 Email: dknobler@marcusmillichap.com License: TX 606252 Mixson Staffel Director Phone: 713.452.4247 Email: mstaffel@marcusmillichap.com License: TX 748276 Charles "Chico" LeClaire Executive Managing Director Phone: 303.328.2025 Email: cleclaire@marcusmillichap.com License: CO EA00147681 Tim Speck Broker of Record Phone: 972.755.5200 Email: tim.speck@marcusmillichap.com License: TX 9002994 Download Marketing Package " * " indicates required fields Facebook This field is for validation purposes and should be left unchanged. First Name * Last Name * Email * Phone * Title Company What is your role in the industry?
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | Price not disclosed |
|---|---|
| Units | 161 |
| Building size | 14,480 sq ft |
| Address | 2822 Western Avenue |
| First seen by UnitListed | Oct 24, 2026 |
| Source page last checked | Oct 24, 2026 |
| Source last changed | Oct 24, 2026 |
Before you call the broker
9 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Asking price — not disclosed
What is the asking price, and is it firm or inviting offers?
Everything else is measured against it. A price on request is normal, but it means you cannot screen this against your budget yet.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 24, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 24, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
