Self-Storage Facility
Excalibur Self Storage
3359 TX-29, Burnet, TX 78611
Listing Price: $11,000,000
Investment Overview
Excalibur Self Storage represents a compelling value-add acquisition opportunity in one of Central Texas' fastest-growing secondary markets. The property consists of 627 units totaling 133,595 rentable-square-feet situated on approximately eight acres along highly trafficked TX-29 in Burnet, Texas. Despite the facility’s excellent visibility, direct highway access, and a diverse mix of climate-controlled storage, traditional self-storage, and RV/boat storage, it has underperformed relative to both market demand and its attractive construction quality.
The current owner expanded the facility in 2023, yet it remains only 57 percent physically occupied – primarily because it is the only self-storage facility in ownership's portfolio located outside of the Dallas-Fort Worth Metroplex, and it has not received the same level of attention and oversight as the seller's core assets. Initial lease-up was hampered by the owner’s decision to manage the facility remotely from D-FW, but its upward trajectory began accelerating once an on-site manager was installed in January of 2026. Leveraging this momentum, a new owner will be in position create value through continued stabilization of more than 58,000 vacant rentable square feet and implementation of standard revenue management practices.
Located in the heart of the Texas Hill Country, Burnet continues to benefit from strong population and income growth fueled by the expansion of (and migration away from) the Austin, Texas MSA. Population within the market has grown more than 27 percent since 2010, and the average household income within a five-mile radius of the facility now exceeds $105,000 annually, underscoring the area's growing affluence and long-term demand potential. Positioned between Austin, Marble Falls, Lake Buchanan, and Lake LBJ, the area benefits from a growing residential base, strong tourism activity, and year-round demand drivers that support both traditional self-storage and RV/boat storage users. At a list price of $82.34 per rentable-square-foot, well below today's replacement cost, Excalibur offers investors a rare opportunity to acquire immediate upside and long-term growth in one of Central Texas' most attractive storage markets.
Excalibur Self Storage
Investment Highlights
- 57% Physical Occupancy Creates Significant Lease-Up Opportunity – Well below stabilization with substantial upside remaining.
- Acquire for Just $82.34/SF – Below replacement cost basis with a major expansion completed in 2023.
- Strong Texas Hill Country Growth Story – Population has increased 12% since 2020 and more than 27% since 2010.
- Growing Affluence Supports Long-Term Demand – Median household income approaches $86,000 while average household income exceeds $105,000.
- Excellent Visibility Along TX-29 – Direct highway frontage with traffic counts exceeding 18,000 vehicles per day.
Listing Price: $11,000,000
Investment Highlights
- 57% Physical Occupancy Creates Significant Lease-Up Opportunity – Well below stabilization with substantial upside remaining.
- Acquire for Just $82.34/SF – Below replacement cost basis with a major expansion completed in 2023.
- Strong Texas Hill Country Growth Story – Population has increased 12% since 2020 and more than 27% since 2010.
- Growing Affluence Supports Long-Term Demand – Median household income approaches $86,000 while average household income exceeds $105,000.
- Excellent Visibility Along TX-29 – Direct highway frontage with traffic counts exceeding 18,000 vehicles per day.
Investment Overview
Excalibur Self Storage represents a compelling value-add acquisition opportunity in one of Central Texas' fastest-growing secondary markets. The property consists of 627 units totaling 133,595 rentable-square-feet situated on approximately eight acres along highly trafficked TX-29 in Burnet, Texas. Despite the facility’s excellent visibility, direct highway access, and a diverse mix of climate-controlled storage, traditional self-storage, and RV/boat storage, it has underperformed relative to both market demand and its attractive construction quality. The current owner expanded the facility in 2023, yet it remains only 57 percent physically occupied – primarily because it is the only self-storage facility in ownership's portfolio located outside of the Dallas-Fort Worth Metroplex, and it has not received the same level of attention and oversight as the seller's core assets. Initial lease-up was hampered by the owner’s decision to manage the facility remotely from D-FW, but its upward trajectory began accelerating once an on-site manager was installed in January of 2026. Leveraging this momentum, a new owner will be in position create value through continued stabilization of more than 58,000 vacant rentable square feet and implementation of standard revenue management practices. Located in the heart of the Texas Hill Country, Burnet continues to benefit from strong population and income growth fueled by the expansion of (and migration away from) the Austin, Texas MSA. Population within the market has grown more than 27 percent since 2010, and the average household income within a five-mile radius of the facility now exceeds $105,000 annually, underscoring the area's growing affluence and long-term demand potential. Positioned between Austin, Marble Falls, Lake Buchanan, and Lake LBJ, the area benefits from a growing residential base, strong tourism activity, and year-round demand drivers that support both traditional self-storage and RV/boat storage users. At a list price of $82.34 per rentable-square-foot, well below today's replacement cost, Excalibur offers investors a rare opportunity to acquire immediate upside and long-term growth in one of Central Texas' most attractive storage markets.
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