Self-Storage Facility
Solid Ground Storage Portfolio
505 US-290, Elgin, TX 78621
Listing Price: Request For Offer
Investment Overview
The Solid Ground Storage Portfolio is a two property self-storage portfolio located in Elgin, Texas which is a rapidly growing suburb in the Greater Austin Area. The properties sit on approximately 8.42 acres of land and have a combined 126,038 NRSF and 1,087 units. The Solid Ground Storage at 505 West US Highway 290 (721 units & 81,878 NRSF) was initially constructed in 2015 with two single-story buildings opening in 2021 and then the final phase which is a 36,000 NRSF multi-story building coming online in late 2023. The Solid Ground Storage at 1210 US Highway 290 (366 units & 44,160 NRSF) is unmanned and managed remotely from the 505 West US Highway 290 location and was constructed in multiple phases between 1997 and 2018.
The properties have attractive façades along with numerous amenities commonly found in Class “A” institutional quality self-storage facilities. There is a gated entry with a digital keypad, a spacious full-service on-site management office at the 505 West US 290 location, 24/7 video surveillance throughout the facility, motion sensor LED lighting, concrete driveways, and units with roll up doors.
The two facilities in the Solid Ground Storage Portfolio are approximately 7/10 mile from one another and both front on US Highway 290 in the heart of a bustling trade area on the far east side of Greater Austin. The facilities see nearly 32,000 vehicles pass by daily as US 290 is a major thoroughfare into Austin proper. While Austin is known for its robust economy including major employment hubs such as Samsung and Tesla that are on the capitol cities east side and easy commutes to Elgin, the Elgin/North Bastrop County area is growing in its own right. The population is projected to increase nearly 14 percent over the next five years. Highlighting this growth are 12 single-family residential communities and eight multi-family projects that are in various phases of development and equate to 14,000 single family homes and 3,400 apartment units, all within the Solid Ground trade area. When completed, the local population could far surpass current census projections and be around 60,000 people within six years. Furthermore, plans for 980 million dollars’ worth of commercial projects have been submitted to the city of Elgin and the average household income between the two facilities hovers around $100,000.
The Solid Ground Storage Portfolio offers an investor the opportunity to acquire a “flight to quality” class A self-storage asset with a significant new construction component in a growing area of Greater Austin. The Seller has self-managed the facilities throughout their development/ownership period and hasn’t utilized many management strategies that are often employed by REIT’s and other highly sophisticated operators. For instance, the Seller only began doing advertising in May of 2025, granted given the accelerated lease up that has occurred in the previous expansion phases, there wasn’t a need for any marketing.
As of July 31st, 2025, the portfolio is 67 percent physically occupied by square footage across the board.
Solid Ground Storage Portfolio
Investment Highlights
- PRIMARILY RECENT CLASS A CONSTRUCTION // The two properties sit about 7/10 miles apart from one another. 505 US 290 was initially built in 2015 but nearly 30 percent has been constructed since 2023.
- SOLID DEMOGRAPHICS // The average household income in the area is $102,000.
- FRONTAGE ON A MAJOR ARTERY // There are traffic counts of around 32,000 on US Highway 290 which is the primary thoroughfare into Austin.
- 14,000 SINGLE FAMILY HOMES AND 3,400 APARTMENT UNITS IN DEVELOPMENT // The trade area around Solid Ground Storage is expected to have a 14 percent growth in five years. However, with 20 new residential developments, city leaders are seeing population projections that could hit 60,000 in six years.
- CLOSE TO ONE BILLION DOLLARS IN LOCAL COMMERCIAL PROJECTS // While nearby economic giants in Greater East Austin, like Samsung and Tesla, are easy commutes from Elgin, the city also has received plans submitted for 980 million dollars worth of commercial real estate projects.
Listing Price: Request For Offer
Investment Highlights
- PRIMARILY RECENT CLASS A CONSTRUCTION // The two properties sit about 7/10 miles apart from one another. 505 US 290 was initially built in 2015 but nearly 30 percent has been constructed since 2023.
- SOLID DEMOGRAPHICS // The average household income in the area is $102,000.
- FRONTAGE ON A MAJOR ARTERY // There are traffic counts of around 32,000 on US Highway 290 which is the primary thoroughfare into Austin.
- 14,000 SINGLE FAMILY HOMES AND 3,400 APARTMENT UNITS IN DEVELOPMENT // The trade area around Solid Ground Storage is expected to have a 14 percent growth in five years. However, with 20 new residential developments, city leaders are seeing population projections that could hit 60,000 in six years.
- CLOSE TO ONE BILLION DOLLARS IN LOCAL COMMERCIAL PROJECTS // While nearby economic giants in Greater East Austin, like Samsung and Tesla, are easy commutes from Elgin, the city also has received plans submitted for 980 million dollars worth of commercial real estate projects.
Investment Overview
The Solid Ground Storage Portfolio is a two property self-storage portfolio located in Elgin, Texas which is a rapidly growing suburb in the Greater Austin Area. The properties sit on approximately 8.42 acres of land and have a combined 126,038 NRSF and 1,087 units. The Solid Ground Storage at 505 West US Highway 290 (721 units & 81,878 NRSF) was initially constructed in 2015 with two single-story buildings opening in 2021 and then the final phase which is a 36,000 NRSF multi-story building coming online in late 2023. The Solid Ground Storage at 1210 US Highway 290 (366 units & 44,160 NRSF) is unmanned and managed remotely from the 505 West US Highway 290 location and was constructed in multiple phases between 1997 and 2018. The properties have attractive façades along with numerous amenities commonly found in Class “A” institutional quality self-storage facilities. There is a gated entry with a digital keypad, a spacious full-service on-site management office at the 505 West US 290 location, 24/7 video surveillance throughout the facility, motion sensor LED lighting, concrete driveways, and units with roll up doors. The two facilities in the Solid Ground Storage Portfolio are approximately 7/10 mile from one another and both front on US Highway 290 in the heart of a bustling trade area on the far east side of Greater Austin. The facilities see nearly 32,000 vehicles pass by daily as US 290 is a major thoroughfare into Austin proper. While Austin is known for its robust economy including major employment hubs such as Samsung and Tesla that are on the capitol cities east side and easy commutes to Elgin, the Elgin/North Bastrop County area is growing in its own right. The population is projected to increase nearly 14 percent over the next five years. Highlighting this growth are 12 single-family residential communities and eight multi-family projects that are in various phases of development and equate to 14,000 single family homes and 3,400 apartment units, all within the Solid Ground trade area. When completed, the local population could far surpass current census projections and be around 60,000 people within six years. Furthermore, plans for 980 million dollars’ worth of commercial projects have been submitted to the city of Elgin and the average household income between the two facilities hovers around $100,000. The Solid Ground Storage Portfolio offers an investor the opportunity to acquire a “flight to quality” class A self-storage asset with a significant new construction component in a growing area of Greater Austin. The Seller has self-managed the facilities throughout their development/ownership period and hasn’t utilized many management strategies that are often employed by REIT’s and other highly sophisticated operators. For instance, the Seller only began doing advertising in May of 2025, granted given the accelerated lease up that has occurred in the previous expansion phases, there wasn’t a need for any marketing. As of July 31st, 2025, the portfolio is 67 percent physically occupied by square footage across the board.
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