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Self-Storage Facility

Life Storage (Managed) 2 Property Portfolio

3535 Roosevelt Ave, San Antonio, TX 78214

Listing Price: $20,600,000

Cap Rate
1.94%
Number of Units
1,000
Occupancy
50.3%
Gross SF
154,845
Rentable SF
154,845
Price/Rentable SF
$133.04
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to offer for sale Life Storage (Managed) Two Property Portfolio located in San Antonio, Texas. The facilities feature 1,190 climate controlled units and 115 non-climate controlled units totaling 154,845 net rentable square feet. This portfolio features two, newly built, class A self-storage facilities that have a combined physically occupancy of 64 percent. Both properties are fully secured with keypad entry, on-site management offices, and 24-hour video surveillance.

The locations of these facilities both benefit from an extremely dense and growing surrounding population, and are just five miles south of downtown San Antonio. The population within five miles is 252,945, which represents a 10 percent increase since 2000 and is expected to continue to grow over the next five years. They are both located off busy streets and are surrounded by many restaurants, retail stores, grocery stores, banks, fitness facilities, gas stations, residential neighborhoods, and much more. This offers both facilities great street frontage and high daily traffic counts.

Life Storage (Managed) Two Property Portfolio is being offered for $20.6 million or $133.04 per rentable square foot.

Investment Highlights

  • Two Newly Built, Class A Self-Storage Facilities
  • 154,845 Combined Net Rentable Square Feet
  • 1,190 Combined Climate Controlled Units | 115 Combined Non Climate Controlled Units
  • Roosevelt Avenue: 91 Percent Physically Occupied
  • Hot Wells Location - 37.57 Percent Full Since Opening Six Months Ago

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Self-Storage Facility

Life Storage (Managed) 2 Property Portfolio

Listing Price: $20,600,000

Cap Rate
1.94%
Number of Units
1,000
Occupancy
50.3%
Gross SF
154,845
Rentable SF
154,845
Price/Rentable SF
$133.04
Year Built
2019

Investment Highlights

  • Two Newly Built, Class A Self-Storage Facilities
  • 154,845 Combined Net Rentable Square Feet
  • 1,190 Combined Climate Controlled Units | 115 Combined Non Climate Controlled Units
  • Roosevelt Avenue: 91 Percent Physically Occupied
  • Hot Wells Location - 37.57 Percent Full Since Opening Six Months Ago

Investment Overview

Marcus & Millichap is pleased to offer for sale Life Storage (Managed) Two Property Portfolio located in San Antonio, Texas. The facilities feature 1,190 climate controlled units and 115 non-climate controlled units totaling 154,845 net rentable square feet. This portfolio features two, newly built, class A self-storage facilities that have a combined physically occupancy of 64 percent. Both properties are fully secured with keypad entry, on-site management offices, and 24-hour video surveillance.

The locations of these facilities both benefit from an extremely dense and growing surrounding population, and are just five miles south of downtown San Antonio. The population within five miles is 252,945, which represents a 10 percent increase since 2000 and is expected to continue to grow over the next five years. They are both located off busy streets and are surrounded by many restaurants, retail stores, grocery stores, banks, fitness facilities, gas stations, residential neighborhoods, and much more. This offers both facilities great street frontage and high daily traffic counts.

Life Storage (Managed) Two Property Portfolio is being offered for $20.6 million or $133.04 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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