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Self-Storage Facility

K&D Storage

805 S Bagdad Rd, Leander, TX 78641

Listing Price: $1,500,000

Cap Rate
3.03%
Number of Units
156
Occupancy
85.0%
Gross SF
9,650
Rentable SF
9,650
Price/Rentable SF
$155.44
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to offer for sale K&D Storage in Leander, TX. Consisting of 90 non-climate controlled units and 66 outdoor parking spaces on a large 2.26-acre parcel, there is ample room for expansion. An investor can take advantage of below market rents across all unit sizes and the potential expansion opportunity available. The property is surrounded by residential neighborhoods and there are 6,484 apartment units within a five-mile radius of the facility (CoStar). Conveniently located 1.4 miles from Highway 183 and 5.4 miles from Cedar Park (with a population of 84,580 in 2021) there is no shortage of demand in this immediate submarket. Leander reached it's highest population of 75,976 in 2021. Spanning over 38 miles, Leander has a population density of 2,027 people per square mile. Leander, TX is located in the Austin MSA. Austin–Round Rock-San Marcos is the 29th largest metropolitan area in the United States, with a population of 2,295,303 people as of the 2020 U.S. census estimate. The metropolitan area is centered on the City of Austin—the fourth-largest city in Texas and the 11th-largest city in the United States with a population of 978,908 people.

Investment Highlights

  • 2.26-Acre Parcel With Expansion Opportunity
  • 85% Physical Occupancy
  • 156 Units

Exclusively Listed By

Listing Price: $1,500,000

Cap Rate
3.03%
Number of Units
156
Occupancy
85.0%
Gross SF
9,650
Rentable SF
9,650
Price/Rentable SF
$155.44
Year Built
1999

Investment Highlights

  • 2.26-Acre Parcel With Expansion Opportunity
  • 85% Physical Occupancy
  • 156 Units

Investment Overview

Marcus & Millichap is pleased to offer for sale K&D Storage in Leander, TX. Consisting of 90 non-climate controlled units and 66 outdoor parking spaces on a large 2.26-acre parcel, there is ample room for expansion. An investor can take advantage of below market rents across all unit sizes and the potential expansion opportunity available. The property is surrounded by residential neighborhoods and there are 6,484 apartment units within a five-mile radius of the facility (CoStar). Conveniently located 1.4 miles from Highway 183 and 5.4 miles from Cedar Park (with a population of 84,580 in 2021) there is no shortage of demand in this immediate submarket. Leander reached it's highest population of 75,976 in 2021. Spanning over 38 miles, Leander has a population density of 2,027 people per square mile. Leander, TX is located in the Austin MSA. Austin–Round Rock-San Marcos is the 29th largest metropolitan area in the United States, with a population of 2,295,303 people as of the 2020 U.S. census estimate. The metropolitan area is centered on the City of Austin—the fourth-largest city in Texas and the 11th-largest city in the United States with a population of 978,908 people.

Exclusively Listed By

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