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Self-Storage Facility

The Storage Center

4618 San Pedro Ave, San Antonio, TX 78212

Listing Price: Request For Offer

Number of Units
940
Occupancy
67.0%
Rentable SF
88,325
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale The Storage Center in San Antonio, Texas.

The Storage Center spanning 88,325 net-rentable square feet, maintains 940 climate-controlled units ranging from 25 square feet to 300 square feet. The three-story property was constructed in 2020 and sustains economic and physical occupancies of 65.7 percent and 66.9 percent, allowing an investor to benefit from the continuation of lease-up activity combined with rental rate growth across multiple unit types and sizes. The property is situated on 1.459 acres and features state of the art surveillance system and personalized keypad entry to access the facility. Additionally, the property offers reinforced concrete drives and loading area canopies. Existing climate-controlled inventory within the three-mile radius is
only 3.19 net rentable square per capita. Non-climate control supply is thin as well, with no increases forecasted from the current 3.94 net-rentable square feet amount as reported by Yardi Matrix.

San Antonio is a rapidly growing city in the United States and a key gateway between the U.S. and Mexico. The subject property is centrally located in a highly desirable part of San Antonio, near historic Olmos Park between Interstate 10 and Texas State Highway 281. The population within a three-mile radius of the parcel is 133,884 and households within a three-mile radius include 54,382. The average daily traffic count on San Pedro Avenue is 19,312 vehicles per day. The subject property is 1.6 miles from Trinity University and 3 miles from University of Incarnate Word. The area includes a diverse work force comprised of healthcare, education, religious congregations, tourism, and municipal offices.

Investment Highlights

  • INFILL LOCATION | Nestled West of Alamo Heights and Olmos Park and North of Monte Vista, Tobin Hill and The Pearl
  • 19,312 DAILY TRAFFIC COUNTS | Frontage on San Pedro Avenue Inside Loop 410, 3.5 Miles from Downtown
  • 940 UNITS | 88,325 NRSF
  • LIMITED NEW COMPETITION | Only one self-storage project under development within three miles of the facility
  • HEAVILY POPULATED AREA | Three-Mile Population +/- 133,884 |Three-Mile Households +/- 54,382

Exclusively Listed By

Self-Storage Facility

The Storage Center

Listing Price: Request For Offer

Number of Units
940
Occupancy
67.0%
Rentable SF
88,325
Year Built
2020

Investment Highlights

  • INFILL LOCATION | Nestled West of Alamo Heights and Olmos Park and North of Monte Vista, Tobin Hill and The Pearl
  • 19,312 DAILY TRAFFIC COUNTS | Frontage on San Pedro Avenue Inside Loop 410, 3.5 Miles from Downtown
  • 940 UNITS | 88,325 NRSF
  • LIMITED NEW COMPETITION | Only one self-storage project under development within three miles of the facility
  • HEAVILY POPULATED AREA | Three-Mile Population +/- 133,884 |Three-Mile Households +/- 54,382

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale The Storage Center in San Antonio, Texas. The Storage Center spanning 88,325 net-rentable square feet, maintains 940 climate-controlled units ranging from 25 square feet to 300 square feet. The three-story property was constructed in 2020 and sustains economic and physical occupancies of 65.7 percent and 66.9 percent, allowing an investor to benefit from the continuation of lease-up activity combined with rental rate growth across multiple unit types and sizes. The property is situated on 1.459 acres and features state of the art surveillance system and personalized keypad entry to access the facility. Additionally, the property offers reinforced concrete drives and loading area canopies. Existing climate-controlled inventory within the three-mile radius is only 3.19 net rentable square per capita. Non-climate control supply is thin as well, with no increases forecasted from the current 3.94 net-rentable square feet amount as reported by Yardi Matrix. San Antonio is a rapidly growing city in the United States and a key gateway between the U.S. and Mexico. The subject property is centrally located in a highly desirable part of San Antonio, near historic Olmos Park between Interstate 10 and Texas State Highway 281. The population within a three-mile radius of the parcel is 133,884 and households within a three-mile radius include 54,382. The average daily traffic count on San Pedro Avenue is 19,312 vehicles per day. The subject property is 1.6 miles from Trinity University and 3 miles from University of Incarnate Word. The area includes a diverse work force comprised of healthcare, education, religious congregations, tourism, and municipal offices.

Exclusively Listed By

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