Investment Overview

Marcus & Millichap is pleased to offer for sale CubeSmart Self Storage in San Antonio, Texas on SW Loop 410. The facility spans 115,240 net rentable square feet and containing 650 units ranging from 25 to 780 square feet. The single-story property was constructed in 2023 and sustains economic and physical occupancies of 56 and 75 percent. The property is situated on 10.66 acres with over 500 feet of frontage on Loop 410. Loop 410 is San Antonio’s interior loop, and as one of the city’s main highways, sees almost 60,000 vehicles per day. The facility features a state of the art, 56 camera surveillance system and personalized keypad entries and exits for access the facility. The property offers wide, reinforced concrete driveways and a loading area canopy to access the climate control building. The expansive showroom at the front of the property could be converted into mini office space or into 24-hour access climate control units. Existing Climate controlled inventory within the three-mile radius is only 2.86 net-rentable square feet per capita. Non-climate control supply is 1.07 net-rentable square feet per capita, as reported by Yardi Matrix. The submarket is seeing great residential growth. Four new multifamily communities will encompass an additional 1,081 units. The Palladium, Leon Creek Flats and Ascen on Juno Landing are all scheduled to be delivered by mid-2026. On the single-family home front, subdivisions such as Crescent Hills and Solana Ridge continue to expand while new neighborhoods such as Somerset Meadows and Lennar at Valle Sol recently broke ground and begun delivering finished product. Finally, there is a 60-acre, transit-oriented development (TOD) project in the planning stages near the intersection of Old Pearsall and Medina Base Road. This property is one of only two approved TODs in San Antonio. A TOD is designed to offer a mix of residential, commercial, and recreational spaces that promote a compact, walkable, and pedestrian-friendly community centered around high-quality transit access. The property is approved for 2,200 multifamily and townhome residential units and over one million square feet of commercial space. San Antonio has a diverse economy with key industries that include healthcare, military, tourism, and manufacturing. Major employers in the area include USAA, Valero Energy, H-E-B, and several military installations. The facility is located just minutes from Port San Antonio and Joint Base San Antonio-Lackland Air Force Base, two of the largest employers in the region.