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Self-Storage Facility

Comal Ridge Self Storage

23995 Bat Cave Rd, San Antonio, TX 78266

Listing Price: $700,000

Cap Rate
0.62%
Number of Units
22
Occupancy
80.0%
Gross SF
7,520
Rentable SF
4,000
Price/Rentable SF
$175.00
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Comal Ridge Self Storage in San Antonio, Texas. Consisting of 4,000 net rentable square feet on 2.0 acres, the facility maintains 22 non-climate controlled units ranging from 50 square feet to 200 square feet. The front office building has three office suites included in the purchase of the property. Comal Ridge Self Storage is situated near a high-growth corridor and conveniently located off I-35 and FM 3009/Natural Bridge Caverns Road. This area is in San Antonio’s ETJ and is a critical area to Garden Ridge because of the development of the high school and residential areas that will utilize FM 3009 as an access point to IH-35. Natural Bridge Caverns is also a tourist destination in this area that causes many visitors to pass through Garden Ridge (City of Garden Ridge). Comal Ridge Self Storage is approximately 25 miles north of downtown San Antonio and 15 miles south of downtown New Braunfels. I-35 average daily traffic count exceeds 110,000 vehicles and the intersection nearest this facility sees approximately 8,200 vehicles daily (Texas Department of Transportation). This facility is within close proximity to several residential zones, manufacturing and distribution centers including R&L Foods Inc – Taco Bell, V K Knowlton Construction, AER Manufacturing, Ben K Keith, and Manufactured Concrete. The facility is located 6.0 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). Comal Ridge Self Storage is in southeastern Comal County, which is one of the fastest growing counties in The United States. Comal County has seen 65% population growth from 2010 to 2020. Since 2000 the population within a 5-mile radius of the facility has increased by 265% and is it projected to grow another 22% over the next five years. Comal County’s current unemployment rate is 3.3% 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

  • Two Acre Parcel Prime For Redevelopment
  • 2019 ADDT 8,200
  • 14 Square Feet Per Capita
  • 265% Population Growth in 5-Mile Radius

Exclusively Listed By

Self-Storage Facility

Comal Ridge Self Storage

Listing Price: $700,000

Cap Rate
0.62%
Number of Units
22
Occupancy
80.0%
Gross SF
7,520
Rentable SF
4,000
Price/Rentable SF
$175.00
Year Built
1984

Investment Highlights

  • Two Acre Parcel Prime For Redevelopment
  • 2019 ADDT 8,200
  • 14 Square Feet Per Capita
  • 265% Population Growth in 5-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Comal Ridge Self Storage in San Antonio, Texas. Consisting of 4,000 net rentable square feet on 2.0 acres, the facility maintains 22 non-climate controlled units ranging from 50 square feet to 200 square feet. The front office building has three office suites included in the purchase of the property. Comal Ridge Self Storage is situated near a high-growth corridor and conveniently located off I-35 and FM 3009/Natural Bridge Caverns Road. This area is in San Antonio’s ETJ and is a critical area to Garden Ridge because of the development of the high school and residential areas that will utilize FM 3009 as an access point to IH-35. Natural Bridge Caverns is also a tourist destination in this area that causes many visitors to pass through Garden Ridge (City of Garden Ridge). Comal Ridge Self Storage is approximately 25 miles north of downtown San Antonio and 15 miles south of downtown New Braunfels. I-35 average daily traffic count exceeds 110,000 vehicles and the intersection nearest this facility sees approximately 8,200 vehicles daily (Texas Department of Transportation). This facility is within close proximity to several residential zones, manufacturing and distribution centers including R&L Foods Inc – Taco Bell, V K Knowlton Construction, AER Manufacturing, Ben K Keith, and Manufactured Concrete. The facility is located 6.0 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). Comal Ridge Self Storage is in southeastern Comal County, which is one of the fastest growing counties in The United States. Comal County has seen 65% population growth from 2010 to 2020. Since 2000 the population within a 5-mile radius of the facility has increased by 265% and is it projected to grow another 22% over the next five years. Comal County’s current unemployment rate is 3.3% 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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