Investment Overview

Overflow Garage is a 15,180-rentable-square-foot facility located in Lago Vista, Texas. The property sits on approximately 2.56 acres and consists of five single-story buildings housing 52 enclosed storage units with 22 uncovered parking spaces. Built in 1993, the facility features perimeter fencing, gated entry with keypad access, and 24/7 video surveillance. The property benefits from its proximity to Lake Travis with excellent visibility off Lohman Road, where daily traffic exceeds 17,000 vehicles. Only 1.8 miles from the lake, the facility's positioning allows unmatched access to Lake Travis for Boat owners and storage users alike. The surrounding population has grown nearly 28 percent over the past five years, with an average household income of over $110,000– supporting strong demand for storage solutions. The area's economic and residential growth further enhances this investment opportunity. Lago Vista has significant local incentives and infrastructure improvements recently implemented to support the rapid growth in the area. On the residential side, new housing developments are reshaping the landscape, including Lakeside at Tessera (100+ homes), Bluewood Collection, Turnback Ranch (350+ housing subdivision), all within three miles of the subject property. Currently, the facility operates under remote ownership with minimal oversight. Despite this, the property boasts occupancy levels of 92 percent. The seller implemented a rent increase on existing tenants that went into effect September 1st, 2025, which is already contributing to higher in-place revenue and makes the pro forma performance more readily achievable. Investors also have the opportunity to expand upon the existing parcel, with approximately half an acre of land currently used for uncovered parking available for expansion of additional units, allowing another avenue of value creation. Overflow Garage offers investors an exciting opportunity to acquire a stabilized property with immediate income growth from recent rent adjustments and long-term upside through expansion potential.