tlc dry dock storage Portfolio
This two-facility portfolio is a B+ asset located in a great market, and surrounded by a large fishing, boating and tourism community, which is ranked as the #6 top travel destination in Texas.
The assets are situated at an intersection with a traffic count of over 5,000 vehicles per day and the Rockport area has seen an economic boom since 2012, with over $54 billion invested regionally.
Details of the Deal:
240 total units
B+ class asset located in a B+ submarket
Projected Average Cash on Cash Return: 9%
Projected Average Annual Return (AAR): 22%
Over 1 acre of concrete space available for additional storage units
Opportunity to add covered parking to increase revenue
100% seller financed at a 6% interest-only rate
100% physically occupied and waitlisted facilities
KEY METRICS
Average cash-on-cash
Equity multiple
IRR
Total Investor Payout to Date:
Class A - Limited Partners
9%
2.5x
21%
$157,717
LOCATION
TLC STORAGE
Address: 2801 FM 1781, Rockport, Texas
Property type: Self-storage
Property class: B+
Number of units: 106
Net asset value$: 2.39MM
Acquisition price: $2.39MM
Acquisition date: 09/10/2024
Year built: 2019
DRY DOCK STORAGE
Address: 2762 Farm to Market Rd 3036, Rockport, Texas
Property type: Self-storage
Property class: B+
Number of units: 134
Net asset value$: 2.39MM
Acquisition price: $2.39MM
Acquisition date: 09/10/2024
Year built: 2019
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Transparent, Texas-focused investing - built for everyday investors who want clarity, community, and consistent returns.
