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Self-Storage Facility

TEPCO Storage

242 Deborah Dr, New Braunfels, TX 78130

Listing Price: $1,120,000

Cap Rate
6.63%
Number of Units
45
Occupancy
90.0%
Rentable SF
4,860
Price/Rentable SF
$230.45
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale TEPCO Storage in New Braunfels, TX. Consisting of 4,860 net rentable square feet on 1.43 acres, the facility maintains 45 non-climate controlled units ranging from 50 square feet to 150 square feet and 40 outdoor parking spaces. The subject is currently a private business and does not have any occupied units. TEPCO Storage has two existing non-climate controlled buildings with roll up doors. The parcels have ample room for an investor to expand the facility by adding multiple buildings to the property, possibly as much as 20,000 additional square feet. The facility is fully fenced, gated with a digital keypad and lighted for safety. TEPCO Storage is located in New Braunfels, TX approximately 30 miles north of San Antonio and 45 miles south of Austin in the heart of the I-35 corridor. The facility is near the high traffic intersection of Deborah Drive and Texas State Highway 46 with an average daily traffic count of 32,019. The population in New Braunfels grew 56 percent from 2010-2019 which ranks it as the3rd fastest growing city in the country and is expected to grow nearly 25 percent over the next five years. The number of households within a 5-mile radius of the facility has increased 124 percent since 2000 and is estimated to increase 18 percent over the next five years. The average household income within the same radius is $96,000. New Braunfels offers a diverse economy with healthcare, manufacturing and logistics/distribution being their primary industries and major employers. In addition, the area is a well-known tourist attraction which includes several seasonal activities including Schlitterbahn waterpark, the Comal and Guadalupe rivers for fishing, boating and floating as well as the German culture celebration Wurstfest. Unemployment in New Braunfels is currently 3.8 percent.

Investment Highlights

  • Expansion Opportunity
  • Value Add Opportunity
  • New Braunfels - USA's 3rd Fastest Growing City From 2010-2019

Exclusively Listed By

Financing By

Self-Storage Facility

TEPCO Storage

Listing Price: $1,120,000

Cap Rate
6.63%
Number of Units
45
Occupancy
90.0%
Rentable SF
4,860
Price/Rentable SF
$230.45
Year Built
1999

Investment Highlights

  • Expansion Opportunity
  • Value Add Opportunity
  • New Braunfels - USA's 3rd Fastest Growing City From 2010-2019

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale TEPCO Storage in New Braunfels, TX. Consisting of 4,860 net rentable square feet on 1.43 acres, the facility maintains 45 non-climate controlled units ranging from 50 square feet to 150 square feet and 40 outdoor parking spaces. The subject is currently a private business and does not have any occupied units. TEPCO Storage has two existing non-climate controlled buildings with roll up doors. The parcels have ample room for an investor to expand the facility by adding multiple buildings to the property, possibly as much as 20,000 additional square feet. The facility is fully fenced, gated with a digital keypad and lighted for safety. TEPCO Storage is located in New Braunfels, TX approximately 30 miles north of San Antonio and 45 miles south of Austin in the heart of the I-35 corridor. The facility is near the high traffic intersection of Deborah Drive and Texas State Highway 46 with an average daily traffic count of 32,019. The population in New Braunfels grew 56 percent from 2010-2019 which ranks it as the3rd fastest growing city in the country and is expected to grow nearly 25 percent over the next five years. The number of households within a 5-mile radius of the facility has increased 124 percent since 2000 and is estimated to increase 18 percent over the next five years. The average household income within the same radius is $96,000. New Braunfels offers a diverse economy with healthcare, manufacturing and logistics/distribution being their primary industries and major employers. In addition, the area is a well-known tourist attraction which includes several seasonal activities including Schlitterbahn waterpark, the Comal and Guadalupe rivers for fishing, boating and floating as well as the German culture celebration Wurstfest. Unemployment in New Braunfels is currently 3.8 percent.

Exclusively Listed By

Financing By

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