Listed by VERSAL - Bellomy
Unpriced
Lone Star Storage Center - New Braunfels
Details
APN 423182
Property Type Self Storage
Square Footage 97,763
Units 602
NOI $611,936
Occupancy 80%
Pro-Forma NOI $1,008,142
Class A
Year Built 2018
Buildings 11
Acreage 6.910
Parking Spaces 42 spaces
Parking Per SqFt 0.43
Self Storage | 602 Units
Marketing description
Lone Star Storage Center is located in New Braunfels, Texas, one of the fastest-growing cities in the Austin– San Antonio super-corridor. Few markets in the country have the population momentum of the I-35 corridor, and New Braunfels continues to absorb migration from both Austin and San Antonio, directly driving storage demand.
The property features 355 non-climate, 247 climate controlled, and 28 covered parking units for a total of 97,763 NRSF. It also includes 14 uncovered parking spaces. The facility has a current physical occupancy of 80% and economic occupancy of 78%. The average unit size is 136 NRSF.
The facility is well located, with 94,870 people living within 5 miles and an average household income of $114,508. It has frontage on Loop 337, a major local corridor, and is only 1.1 miles from Interstate-35, granting easy access for customers from both residential and commercial areas. The facility is also 1.5 miles from major retail anchors like H-E-B and Chick-fil-A, bringing daily traffic and strong neighborhood density.
Construction highlights include concrete drives, metal and steel construction, gated keypad access, exterior lighting, perimeter fencing, security cameras, and a state-of-the-art on-site office.
This is a rare opportunity to acquire a class “A”, familyowned facility with untapped operational upside in an institutional-quality market. Contact Versal for pricing guidance.
Investment highlights
- New Braunfels, TX
- 94,870 Population Within 5 Miles
- $114,508 Average Household Income Within 5 Miles
- Frontage on Loop 337
- 1.1 Miles from I-35
- 1.5 Miles from Major Retail (H-E-B, Chick-fil-A)
- Contact Versal for Pricing
- 247 CC, 355 NC Units
- 97,763 NRSF
- Family Owned & Managed
- Concrete Drives
- On-Site Office
Listing Contacts
Listed by VERSAL - Bellomy
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$611,936.00
$50,994.67/mo
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