Self-Storage Facility
Storage Near Me
406 Brown St, Lampasas, TX 76550
Listing Price: $5,500,000
Investment Overview
Storage Near Me is a Class-A facility located along the U.S. Highway 281 corridor in the Texas Hill Country town of Lampasas. The property was developed, expanded, and operated by a local mom-and-pop owner who has steadily expanded its size over the past several years as demand warranted. Each expansion phase has leased quickly, including the most recent climate-controlled addition – validating the strength of the local market, as well as the operating projections contained herein.
Today, the facility is approximately 90 percent physically occupied, and it features a strong mix of climate-controlled and non-climate-controlled units, modern construction quality, and additional room for future expansion. While the property has performed extremely well under local ownership, a new investor has the opportunity to increase revenue through Existing Customer Rate Increases (ECRIs), enhanced digital marketing, tenant insurance optimization, and other professional management practices commonly implemented by larger operators.
Lampasas’ steady residential, commercial, and tourism-related growth in recent years has supported increased demand for almost every real estate asset class, and the sellers’ decision to redeploy capital into a new hotel development near the storage facility reflects their confidence in the market's long-term growth potential. When these attractive development and population trends are considered alongside property’s expansion potential, Storage Near Me is well-positioned to benefit from the area's favorable long-term outlook.
Storage Near Me
Investment Highlights
- Proven Expansion & Lease-Up History – Ownership has successfully stabilized multiple expansion phases over time, including a recent climate-controlled addition.
- Revenue Growth Opportunity – Upside through ECRIs, tenant insurance, and enhanced marketing.
- Approximately 90% Physical Occupancy – Strong in-place cash flow with additional lease-up potential.
- Additional Expansion Potential – Expansion land provides an opportunity for future growth.
- Highway 281 Location – Positioned along a major corridor connecting Austin and the Texas Hill Country.
- Growing Central Texas Market – Benefiting from residential growth, tourism, and continued commercial investment.
Listing Price: $5,500,000
Investment Highlights
- Proven Expansion & Lease-Up History – Ownership has successfully stabilized multiple expansion phases over time, including a recent climate-controlled addition.
- Revenue Growth Opportunity – Upside through ECRIs, tenant insurance, and enhanced marketing.
- Approximately 90% Physical Occupancy – Strong in-place cash flow with additional lease-up potential.
- Additional Expansion Potential – Expansion land provides an opportunity for future growth.
- Highway 281 Location – Positioned along a major corridor connecting Austin and the Texas Hill Country.
- Growing Central Texas Market – Benefiting from residential growth, tourism, and continued commercial investment.
Investment Overview
Storage Near Me is a Class-A facility located along the U.S. Highway 281 corridor in the Texas Hill Country town of Lampasas. The property was developed, expanded, and operated by a local mom-and-pop owner who has steadily expanded its size over the past several years as demand warranted. Each expansion phase has leased quickly, including the most recent climate-controlled addition – validating the strength of the local market, as well as the operating projections contained herein. Today, the facility is approximately 90 percent physically occupied, and it features a strong mix of climate-controlled and non-climate-controlled units, modern construction quality, and additional room for future expansion. While the property has performed extremely well under local ownership, a new investor has the opportunity to increase revenue through Existing Customer Rate Increases (ECRIs), enhanced digital marketing, tenant insurance optimization, and other professional management practices commonly implemented by larger operators. Lampasas’ steady residential, commercial, and tourism-related growth in recent years has supported increased demand for almost every real estate asset class, and the sellers’ decision to redeploy capital into a new hotel development near the storage facility reflects their confidence in the market's long-term growth potential. When these attractive development and population trends are considered alongside property’s expansion potential, Storage Near Me is well-positioned to benefit from the area's favorable long-term outlook.
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