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28077457
28077458

6059 US Hwy 87 E, San Antonio, TX NULL

JD
TX 603587
Marcus & Millichap - San Antonio
Listed by Marcus & Millichap - San Antonio
$3,650,000
212 days on market
Updated 32 days ago

Foster Meadows Storage

Details
APN 18273-001-0020
Property Type Self Storage
Sub Type boat & rv, climate controlled (+1)
Square Footage 21,050
Net Rentable (SqFt) 21,050
Units 213
Occupancy 21%
Tenancy Multi
Pro-Forma Cap Rate 4.83%
Pro-Forma NOI $176,290
Price per SqFt $173
Year Built 2024
Buildings 2
Stories 1
Acreage 8.700
Occupancy Date 11/01/2025
Ownership Fee simple

Self-Storage | Phase I Construction Complete | Expansion Opportunity with Site Plans Included

Marketing description

Marcus & Millichap is pleased to offer for sale Foster Meadows Storage located at 6059 US Highway 87 East in San Antonio, Texas. Consisting of 100 climate-controlled units and 83 non-climate-controlled units, the property totals 183 self-storage units, 21,050 net rentable square feet, and 30 parking spaces after completing Phase 1 of its construction. The property is easily traversable with wide driveways allowing for drive-up access and ease of ingress to the uncovered boat and RV storage. With five different unit sizes to accommodate almost every storage solution, the property is also well-lit with secure gate entry and on-site security.

Located in south-central Texas, San Antonio is a dynamic city with a population of approximately 1.5 million residents. The city is strategically positioned at the intersection of Interstate 10, 35, and 37 and serves as a major economic hub in the region. San Antonio's diverse economy features key industries including healthcare, military, tourism, and manufacturing. Major employers in the immediate area include H-E-B Distribution Center, Spurs Sports & Entertainment, and several military installations such as Joint Base San Antonio. Renowned for its vibrant cultural landscape filled with historic landmarks, the city is home to the iconic Alamo, a UNESCO World Heritage Site, and anchored by the gorgeous River Walk that attracts millions of tourists annually. These attractions, along with a variety of museums, theaters, and festivals, make San Antonio a cultural destination. Within a one-hour drive from San Antonio, residents and visitors can access other significant urban areas such as New Braunfels, Seguin, and Boerne.

Investment highlights

  • 21,050 NRSF with Phase 1 of New Development Complete

  • 183 Self Storage Units: 100 Climate Controlled and 83 Non-Climate Controlled Units

  • 30 Uncovered Boat and RV Storage Spaces

  • Wide Driveways for Drive-Up Accessibility

  • Market Saturation: 5-Mile Radius at 6.7 SF/Capita

  • Includes site plans for Phase 2 - 86,000 NRSF of additional climate and non-climate storage spread across 11 additional buildings

Listing Contacts

JD
TX 603587
Marcus & Millichap - San Antonio
Listed by Marcus & Millichap - San Antonio

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