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Self-Storage Facility

Aladdin Self Storage

2955 N U.S. Hwy 281, Marble Falls, TX 78654

Listing Price: $2,320,000

Cap Rate
6.49%
Number of Units
164
Occupancy
87.0%
Rentable SF
24,750
Price/Rentable SF
$93.74
Year Built
2015

Investment Overview

Marcus & Millichap is pleased to offer for sale Aladdin Self Storage, located at 2955 US-281 in Marble Falls, Texas. This facility is situated on a 3.25-acre parcel and features 164 units. It benefits from excellent visibility, with an average daily traffic count of 25,926 vehicles. The property offers 24-hour access and kiosk services with electronic gate entry. Security is enhanced by comprehensive video surveillance, on-site office, and the premises are fully fenced and well-lit.

Marble Falls is a rapidly growing community situated approximately 30 miles northwest of Austin and 75 miles north of San Antonio. With a population exceeding 7,500 and a growth rate of over 2.5 percent per year, Marble Falls is experiencing significant residential and commercial development. The city's population is projected to grow by 11.1 percent over the next five years, positioning it well for continued long-term economic growth. This population increase is driven by large-scale residential projects, such as the Thunder Rock community, which will add nearly 2,000 homes and hundreds of apartments. Currently, there are over 6,000 households in the area, a number expected to rise by 11.8 percent within the next five years. Tourism in the area also plays a significant role in driving demand for storage. Marble Falls serves as a gateway to the Texas Hill Country and attracts thousands of visitors each year to local attractions like Hidden Falls Adventure Park, Lake Marble Falls, and Balcones Canyonlands National Wildlife Refuge.

Investment Highlights

  • Self-Storage Facility Located 30 Miles Northwest of Austin in the Texas Hill Country
  • Rapidly Expanding Residential Base Driven by Large-Scale Developments, Such as Thunder Rock, Adding Nearly 2,000 New Homes
  • Currently Over 6,000 Households, Expected to Increase by 11.8 Percent Within Five Years
  • Projected Population Growth of 11.1 Percent Over the Next Five Years
  • Tourism and Seasonal Population Growth Drive Demand for Storage

Exclusively Listed By

Self-Storage Facility

Aladdin Self Storage

Listing Price: $2,320,000

Cap Rate
6.49%
Number of Units
164
Occupancy
87.0%
Rentable SF
24,750
Price/Rentable SF
$93.74
Year Built
2015

Investment Highlights

  • Self-Storage Facility Located 30 Miles Northwest of Austin in the Texas Hill Country
  • Rapidly Expanding Residential Base Driven by Large-Scale Developments, Such as Thunder Rock, Adding Nearly 2,000 New Homes
  • Currently Over 6,000 Households, Expected to Increase by 11.8 Percent Within Five Years
  • Projected Population Growth of 11.1 Percent Over the Next Five Years
  • Tourism and Seasonal Population Growth Drive Demand for Storage

Investment Overview

Marcus & Millichap is pleased to offer for sale Aladdin Self Storage, located at 2955 US-281 in Marble Falls, Texas. This facility is situated on a 3.25-acre parcel and features 164 units. It benefits from excellent visibility, with an average daily traffic count of 25,926 vehicles. The property offers 24-hour access and kiosk services with electronic gate entry. Security is enhanced by comprehensive video surveillance, on-site office, and the premises are fully fenced and well-lit. Marble Falls is a rapidly growing community situated approximately 30 miles northwest of Austin and 75 miles north of San Antonio. With a population exceeding 7,500 and a growth rate of over 2.5 percent per year, Marble Falls is experiencing significant residential and commercial development. The city's population is projected to grow by 11.1 percent over the next five years, positioning it well for continued long-term economic growth. This population increase is driven by large-scale residential projects, such as the Thunder Rock community, which will add nearly 2,000 homes and hundreds of apartments. Currently, there are over 6,000 households in the area, a number expected to rise by 11.8 percent within the next five years. Tourism in the area also plays a significant role in driving demand for storage. Marble Falls serves as a gateway to the Texas Hill Country and attracts thousands of visitors each year to local attractions like Hidden Falls Adventure Park, Lake Marble Falls, and Balcones Canyonlands National Wildlife Refuge.

Exclusively Listed By

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