Investment Overview

Marcus & Millichap is pleased to present the exceptional investment opportunity consisting of two self-storage properties located at 1414 S Colorado Street in Lockhart, Texas and Ranch Road 12 in Dripping Springs, Texas. This portfolio offers immediate scale and operational efficiency across two high-demand submarkets. With a combined 569 units and 94,550 net rentable square feet, both properties are strategically positioned within the thriving Austin Metropolitan Statistical Area. Potential investors will benefit from historically high occupancies with clear opportunity for rental rate growth, providing both stable in-place income and upside potential through revenue optimization. Located in two growing submarkets of the Austin MSA, the assets are positioned to capitalize on continued population growth, residential development, and business expansion in the region. At the Lockhart location, the addition of outdoor parking presents a value-add opportunity, allowing for increased income through RV, boat, or vehicle storage. Meanwhile, the Dripping Springs property offers room for expansion and the potential conversion of warehouse units into climate-controlled storage, creating further upside through enhanced unit mix and premium rental rates. Overall, this portfolio presents a compelling opportunity to acquire scale in one of Texas’ most dynamic metropolitan areas, with both stable cash flow and meaningful value-add potential.