616 Avenue F - Shorebreak Self Storage

Bay City, TX 77414

Building Overview

Facts

Rentable SqFt 53,160
Land Acres 5.31
Year Built 2006, Expansion in 2022
Occupancy 75%
Units 186

Shorebreak Storage is a premier 186-unit, 53,160 square foot self-storage facility strategically located in the high-growth market of Bay City, Texas. This well-constructed asset offers a diversified unit mix, including non-climate-controlled units, climate-controlled spaces, oversized boat and RV storage, and uncovered parking, catering to a broad range of residential and commercial storage needs. The facility is positioned to capture increasing demand driven by regional development, population growth, and the area’s recreational and industrial activity.

Shorebreak Storage presents a compelling value-add opportunity in a growing Texas Gulf Coast market. With strong in-place income and multiple levers for revenue growth. Significant upside remains untapped through targeted lease-up, strategic rent increases, and the execution of climate-controlled expansion plans. With surrounding residential growth and billions in nearby industrial investment.

Highlights & Opportunity

FAVORABLE MARKET CONDITIONS

^{Located near the $6B HIF Global eFuels facility project, one of the largest industrial investments in the region, driving significant economic and employment growth.}
^{Strong industrial employment base anchored by blue-chip companies such as STP Nuclear, Phillips 66, Chevron-Phillips, OQ, Tenaris, and LyondellBasell, providing long-term economic stability and workforce demand.}
^{Surrounded by new residential developments (Russell Ranch & Valor Park), creating natural demand growth}
^{Business-friendly regulatory climate & infrastructure investment in Bay City & Matagorda County}

STRONG CURRENT PERFORMANCE

^{84% economic occupancy based on rent-able square footage}
^{In-place Gross Potential Rent (GPR) of $392,268 annually}
^{Large enclosed units and boat/RV bays demonstrate high demand}

RENT GROWTH POTENTIAL

^{Existing rental rates across most unit types are below market}
^{Larger units (14x40 and 14x50) are under priced given local market}
^{Opportunity to lease climate-controlled units offering}
^{Uncovered parking (25 spaces) are 44% occupied, additional upside leve}

EXPANSION-READY SITE

^{Climate-controlled expansion plans engineered, elevations and layout designs available upon request}
^{Potential to increase rent-able square footage and diversify unit mix in line with tenant demand}
^{Site includes over 2 acres of expansion room for future built out, ideal for capturing growing population and industrial demand}