Marlin Storage

The facility sits in the city of Port Aransas, a gulf coast beach town just roughly 45 miles from the popular city of Corpus Christi, TX. The facility offers 48 units with 29,328 NRSF, which is made up of larger unit sizes to accommodate for the many boat and RV storage needs of the surrounding community. Port Aransas, TX is home to a large fishing community, with many marinas in the nearby area. Marlin Storage continues to sit at 100% physical occupancy with a waitlist due to the needs of boat owners nearby as well as the competitive pricing to local marina boat storage. They currently offer longer term leases for tenants and minimal rental rate increases, making this a huge value add for a new investor to come in and increase rental rates to maximize cash flow.

The average household income of $145,401 (1 mile radius) also supports the opportunity for an increase in rates. The lower population within the 1-, 3-, and 5-mile radius is largely due to the area’s seasonal nature, as Port Aransas functions more as a beach and vacation destination than a traditional year-round residential market. While many tenants are not full-time residents, they continue to utilize storage units throughout the year, supporting the property’s consistent 100% physical occupancy. Given the location’s unique characteristics and high barriers to entry, this opportunity provides investors with a stable, cash-flowing asset with limited existing and future competition.