Listed by Colliers - Nashville, Tennessee
$7,780,000
Store It All - Converse
Details
Property Type Self Storage
Sub Type self storage
Square Footage 83,160
Net Rentable (SqFt) 83,160
Units 419
Occupancy 84.3%
Price per SqFt $94
Class A
Year Built 2010
Buildings 9
Acreage 5.100
Investment Type Core+
$7,780,000 | 83,160 SF | Store It All - Converse | San Antonio MSA
Marketing description
- Unparalleled Visibility and Location - Positioned along Interstate 10 (65,882 AADT), the property enjoys exceptional visibility and access, located just 8 miles east of downtown San Antonio. It further benefits from close proximity to Loop 1604 and Interstate 410, enhancing regional connectivity.
- Limited Supply - According to Yardi, the area within a five-mile radius is significantly undersupplied, with a current storage saturation of only 7.1 square feet per capita—comprising 2.61 square feet of climate-controlled space and 4.50 square feet of non-climate-controlled space per person.
- Strong Demographics - The five-mile radius is home to 154,057 residents and 52,812 households, with a projected population growth of 6.2% over the next five years. Within a one-mile radius, the average household income is a strong $99,810, supporting robust demand for storage solutions.
- Diversified Revenue Mix – The facility offers a broad mix of unit types, including climate-controlled units, non-climate drive-up units, enclosed RV storage, covered RV storage, and surface parking spaces, appealing to a wide range of customer needs.
- Operational Upside – There is considerable potential to drive revenue growth through the adoption of advanced dynamic pricing models, implementation of ECRI programs, and closing the gap between current asking rates and those of direct competitors.
Listing Contacts
Listed by Colliers - Nashville, Tennessee
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