Self-Storage Facility

C F & M Storage

19834 FM 2252, Garden Ridge, TX 78266

Listing Price: $3,400,000

Cap Rate
3.02%
Number of Units
215
Occupancy
73.8%
Gross SF
49,560
Rentable SF
49,560
Price/Rentable SF
$68.60
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, C F & M Storage in Garden Ridge, Texas. Consisting of 49,560 net rentable square feet on 5.0 acres, the facility maintains 111 non-climate controlled units ranging from 50 square feet to 900 square feet, 50 non-covered parking spots, 52 covered parking spots ranging from 300 square feet to 480 square feet. The front office building has multiple rental suites 3 of which are currently leased.

C F & M Storage is situated in a high-growth corridor conveniently located off of I-35. I-35 average daily traffic count exceeds 148,000 and the intersection nearest this facility exceeds 23,600 in average daily traffic count (Texas Department of Transportation). This facility and is within close proximity to several residential zones, schools and national-retailers including IKEA, Rolling Oaks Malls and Costco. The facility is located 3.0 Miles from Amazon Fulfillment Center (1.26 million square foot warehouse on 99 acres) and 9.5 miles from Randolph Air Force Base (4,423 Active Military Members). Within a 5 mile radius, there are 2,561 apartments with a 3% vacancy rate (Costar) and the population of Comal County is 156,209 (US Census Bureau 2019).

Garden Ridge, Texas is one of the fastest growing communities in South Texas and is in southeastern Comal County approximately 20 miles north of downtown San Antonio and 12 miles south of downtown New Braunfels. Garden Ridge has had a population growth of 64.45% (City of Garden Ridge) as well as Comal County sustaining continuing population growth becoming one of the fastest growing counties in the United States in 2019(US Census Bureau). Comal County current unemployment rate of 6.5% and has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.

Investment Highlights

  • Located Near I-35 and Loop 1604 Major San Antonio Thoroughfare
  • Historically High Physical Occupancy 90%
  • Economic Occupancy 74% Due to Existing Discounts for Prepaid Tenants
  • Comal County Population Growth is One of the Highest in the Nation

Exclusively Listed By

Self-Storage Facility

C F & M Storage

Listing Price: $3,400,000

Cap Rate
3.02%
Number of Units
215
Occupancy
73.8%
Gross SF
49,560
Rentable SF
49,560
Price/Rentable SF
$68.60
Year Built
1999

Investment Highlights

  • Located Near I-35 and Loop 1604 Major San Antonio Thoroughfare
  • Historically High Physical Occupancy 90%
  • Economic Occupancy 74% Due to Existing Discounts for Prepaid Tenants
  • Comal County Population Growth is One of the Highest in the Nation

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, C F & M Storage in Garden Ridge, Texas. Consisting of 49,560 net rentable square feet on 5.0 acres, the facility maintains 111 non-climate controlled units ranging from 50 square feet to 900 square feet, 50 non-covered parking spots, 52 covered parking spots ranging from 300 square feet to 480 square feet. The front office building has multiple rental suites 3 of which are currently leased.

C F & M Storage is situated in a high-growth corridor conveniently located off of I-35. I-35 average daily traffic count exceeds 148,000 and the intersection nearest this facility exceeds 23,600 in average daily traffic count (Texas Department of Transportation). This facility and is within close proximity to several residential zones, schools and national-retailers including IKEA, Rolling Oaks Malls and Costco. The facility is located 3.0 Miles from Amazon Fulfillment Center (1.26 million square foot warehouse on 99 acres) and 9.5 miles from Randolph Air Force Base (4,423 Active Military Members). Within a 5 mile radius, there are 2,561 apartments with a 3% vacancy rate (Costar) and the population of Comal County is 156,209 (US Census Bureau 2019).

Garden Ridge, Texas is one of the fastest growing communities in South Texas and is in southeastern Comal County approximately 20 miles north of downtown San Antonio and 12 miles south of downtown New Braunfels. Garden Ridge has had a population growth of 64.45% (City of Garden Ridge) as well as Comal County sustaining continuing population growth becoming one of the fastest growing counties in the United States in 2019(US Census Bureau). Comal County current unemployment rate of 6.5% and has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.

Exclusively Listed By

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