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Self-Storage Facility

Allsafe Round Rock Storage

1301 Chisholm Valley Dr, Round Rock, TX 78681

Listing Price: $3,250,000

Cap Rate
4.28%
Number of Units
351
Occupancy
69.9%
Gross SF
23,733
Rentable SF
23,733
Price/Rentable SF
$136.94
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Allsafe Round Rock Storage located in Round Rock, TX. Consisting of 23,733 net rentable square feet on 3.07 acres, the facility maintains 47 climate controlled units ranging from 25 to 150 square feet, 250 non-climate controlled units ranging from 20 to 360 square feet, and 54 parking spaces. All Safe Round Rock Storage has 30 different unit sizes available. Climate controlled units are located on the ground floor. Climate control units are heated to 55 degrees and cooled to 85 degrees (industry standard) and are accessible only to tenants of climate control. Included in the sale of the property includes 49 mobile attic units, a vehicle and equipment for the attic units. The subject sustains a 70 percent physical occupancy, allowing an investor to benefit from continued lease up activity and rental rate growth across multiple unit sizes.

All Safe Round Rock Storage began life as a neighborhood strip center, was converted to self-storage and opened for business August of 1994. The project was honored as conversion of the year from the SSA, Self-Storage Association.

Allsafe Round Rock Storage is centrally located in Round Rock, TX and surrounded by diverse businesses including Encompass Health Rehabilitation Hospital (0.4 miles), La Frontera Village which includes over 50 retail and restaurant tenants including Sam's Club, Lowe's and Kohl's (1.4 miles) and Dell Computers and Technology headquarters which employs over 13,000 employees (2.3 miles). This property has a lot to offer in terms of potential increased value over the short and long term.

The facility is easily accessible to East McNeil Rd and County Road 172 and conveniently located 1.5 miles from the IH-35 & Texas 45 intersection. Daily traffic count of IH-35 exceed 221,200 as well as a daily traffic count of 112,434 on Texas 45. As of December 2020, Round Rocks estimated population is 119,472 and the Austin Metro now exceeds 2.22 million residents. Within a 5 mile radius of Allsafe Round Rock Storage, there are 38,379 apartment units with a 8.3% vacancy rate (CoStar). Austin population has increased 32 percent over the past decade with an additional 53,500 moving to Austin in 2020.

Investment Highlights

  • 7.14% Year 1 CAP Rate
  • 23,733 Net Rentable Square Feet
  • Conveniently Located 1.5 miles From IH-35 & Texas 45 Intersection
  • 38,379 Apartment Units Within A 5 Mile Radius Of The Facility

Exclusively Listed By

Self-Storage Facility

Allsafe Round Rock Storage

Listing Price: $3,250,000

Cap Rate
4.28%
Number of Units
351
Occupancy
69.9%
Gross SF
23,733
Rentable SF
23,733
Price/Rentable SF
$136.94
Year Built
1989

Investment Highlights

  • 7.14% Year 1 CAP Rate
  • 23,733 Net Rentable Square Feet
  • Conveniently Located 1.5 miles From IH-35 & Texas 45 Intersection
  • 38,379 Apartment Units Within A 5 Mile Radius Of The Facility

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Allsafe Round Rock Storage located in Round Rock, TX. Consisting of 23,733 net rentable square feet on 3.07 acres, the facility maintains 47 climate controlled units ranging from 25 to 150 square feet, 250 non-climate controlled units ranging from 20 to 360 square feet, and 54 parking spaces. All Safe Round Rock Storage has 30 different unit sizes available. Climate controlled units are located on the ground floor. Climate control units are heated to 55 degrees and cooled to 85 degrees (industry standard) and are accessible only to tenants of climate control. Included in the sale of the property includes 49 mobile attic units, a vehicle and equipment for the attic units. The subject sustains a 70 percent physical occupancy, allowing an investor to benefit from continued lease up activity and rental rate growth across multiple unit sizes.

All Safe Round Rock Storage began life as a neighborhood strip center, was converted to self-storage and opened for business August of 1994. The project was honored as conversion of the year from the SSA, Self-Storage Association.

Allsafe Round Rock Storage is centrally located in Round Rock, TX and surrounded by diverse businesses including Encompass Health Rehabilitation Hospital (0.4 miles), La Frontera Village which includes over 50 retail and restaurant tenants including Sam's Club, Lowe's and Kohl's (1.4 miles) and Dell Computers and Technology headquarters which employs over 13,000 employees (2.3 miles). This property has a lot to offer in terms of potential increased value over the short and long term.

The facility is easily accessible to East McNeil Rd and County Road 172 and conveniently located 1.5 miles from the IH-35 & Texas 45 intersection. Daily traffic count of IH-35 exceed 221,200 as well as a daily traffic count of 112,434 on Texas 45. As of December 2020, Round Rocks estimated population is 119,472 and the Austin Metro now exceeds 2.22 million residents. Within a 5 mile radius of Allsafe Round Rock Storage, there are 38,379 apartment units with a 8.3% vacancy rate (CoStar). Austin population has increased 32 percent over the past decade with an additional 53,500 moving to Austin in 2020.

Exclusively Listed By

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