Investment Overview

Marcus & Millichap is pleased to offer for sale Sandoval Storage located at 602 Shiloh Drive in Laredo, Texas. This facility comprises 236 storage units, offering both climate-controlled and non-climate-controlled options. The property is currently performing well, with an overall occupancy rate of 99 percent. The 188 non-climate-controlled units feature an exceptional 99.47 percent occupancy rate, providing strong immediate cash flow and leaving additional upside in the climate-controlled units. Located in the Shiloh commercial corridor, just minutes from Interstate 35, this property benefits from being in the heart of Laredo’s commercial and residential activity. The site has a daily traffic count of 2022 AADT 20,929. I-35 is the main north-south artery linking Mexico’s industrial powerhouse of Monterrey to major U.S. markets such as San Antonio, Austin, and Dallas. This connectivity supports the daily flow of over 18,000 trucks across the U.S.–Mexico border, reinforcing Laredo’s status as the largest inland port in the United States and the epicenter of more than $339 billion in annual cross-border trade. Demographic trends in Laredo further underscore the strength of this investment. The city has experienced significant population growth. Within a five-mile radius of the property, the population is 133,780 residents, reflecting 12.5 percent growth since 2010, and is projected to increase to 138,852 residents by 2029, an additional 3.8 percent growth in just five years. Household growth mirrors this trend, rising 26 percent since 2010, and is projected to reach 45,308 households by 2029. The average household size of 3.1 persons underscores the presence of multi-person households, often correlated with higher storage utilization.