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Self-Storage Facility

Noah's Ark Self Storage - Stone Oak

19130 Stone Oak Pkwy, San Antonio, TX 78258

Listing Price: $10,600,000

Cap Rate
4.25%
Number of Units
477
Occupancy
88.0%
Gross SF
57,219
Rentable SF
57,219
Price/Rentable SF
$185.25
Year Built
2013

Investment Overview

Noah’s Ark Self Storage is n 57,219 net rentable square foot self-storage facility located in the affluent Stone Oak area in northern San Antonio, Texas. There is a total of 477 climate-controlled units. The property sits on approximately 1.23 acres of land and is a one four-story building with a basement below the entry level. The property was constructed in 2013 and has an attractive stucco and block façade along with many amenities commonly found in Class “A” self-storage facilities. There are multiple entrances with digital keypad access, a spacious on-site management office, a video surveillance throughout the facility, hallway lights on motion sensors, and concrete driveways to name a few. Noah’s Ark Self Storage serves a high demographic area of San Antonio with over 72,000 people living within a three-mile radius of the facility and an average household income of nearly $140,000. While nestled in the heart of Stone Oak, the facility also draws tenants from various well-appointed north central areas such as Hollywood Park and Timberwood Park. Noah’s Ark Self Storage is visible from Stone Oak Parkway which is the primary thoroughfare in the area giving residents access to two freeways, Loop 1604 (San Antonio’s outer loop) and US 281. The facility is about one mile north of 1604 and around 2/10 of a mile south of the intersection of Huebner and Stone Oak Parkway. A combination of restaurants, major retailers, large schools, and major healthcare providers delivers daily traffic counts close to 34,000 on Stone Oak Parkway. With three hospitals including the only pediatric dedicated emergency room in the north central San Antonio area The Baptist Health System has a large presence approximately ¼ mile south of Noah’s Ark. The submarket saw three storage facilities constructed between 2019 and 2020 and economic occupancy at Noah’s Ark dropped below 50 percent in spring 2019. As a testament to the strength of the market and the quality of the facility, economic occupancy has surged back, in fact 2021 saw a 23 percent year over year increase from 2020 and the facility is holding steady through the winter months at around 82 percent.

Investment Highlights

  • The average household Income is $139,853 and the property is surrounded by schools, restaurants, and other national Retailers. The area is also a major medical corridor.
  • The completely climate-controlled facility was constructed in 2013 and has 477 units that total 57,219 NRSF. The property has four stories that includes a basement level.
  • Noah's Ark Self Storage Stone Oak sees daily traffic counts of 33,867 and is in a busy area approximately one mile north of Loop 1604 and 2/10 of a mile south of Huebner Road.
  • The facility has seen economic occupancy rise 23 percent year over year from December 2020 to December 2021. Despite three new facilities being constructed in the trade area in 2019 and 2020 physical has occupancy risen 35 percentage points over the last 36 months.

Exclusively Listed By

Financing By

Self-Storage Facility

Noah's Ark Self Storage - Stone Oak

Listing Price: $10,600,000

Cap Rate
4.25%
Number of Units
477
Occupancy
88.0%
Gross SF
57,219
Rentable SF
57,219
Price/Rentable SF
$185.25
Year Built
2013

Investment Highlights

  • The average household Income is $139,853 and the property is surrounded by schools, restaurants, and other national Retailers. The area is also a major medical corridor.
  • The completely climate-controlled facility was constructed in 2013 and has 477 units that total 57,219 NRSF. The property has four stories that includes a basement level.
  • Noah's Ark Self Storage Stone Oak sees daily traffic counts of 33,867 and is in a busy area approximately one mile north of Loop 1604 and 2/10 of a mile south of Huebner Road.
  • The facility has seen economic occupancy rise 23 percent year over year from December 2020 to December 2021. Despite three new facilities being constructed in the trade area in 2019 and 2020 physical has occupancy risen 35 percentage points over the last 36 months.

Investment Overview

Noah’s Ark Self Storage is n 57,219 net rentable square foot self-storage facility located in the affluent Stone Oak area in northern San Antonio, Texas. There is a total of 477 climate-controlled units. The property sits on approximately 1.23 acres of land and is a one four-story building with a basement below the entry level. The property was constructed in 2013 and has an attractive stucco and block façade along with many amenities commonly found in Class “A” self-storage facilities. There are multiple entrances with digital keypad access, a spacious on-site management office, a video surveillance throughout the facility, hallway lights on motion sensors, and concrete driveways to name a few. Noah’s Ark Self Storage serves a high demographic area of San Antonio with over 72,000 people living within a three-mile radius of the facility and an average household income of nearly $140,000. While nestled in the heart of Stone Oak, the facility also draws tenants from various well-appointed north central areas such as Hollywood Park and Timberwood Park. Noah’s Ark Self Storage is visible from Stone Oak Parkway which is the primary thoroughfare in the area giving residents access to two freeways, Loop 1604 (San Antonio’s outer loop) and US 281. The facility is about one mile north of 1604 and around 2/10 of a mile south of the intersection of Huebner and Stone Oak Parkway. A combination of restaurants, major retailers, large schools, and major healthcare providers delivers daily traffic counts close to 34,000 on Stone Oak Parkway. With three hospitals including the only pediatric dedicated emergency room in the north central San Antonio area The Baptist Health System has a large presence approximately ¼ mile south of Noah’s Ark. The submarket saw three storage facilities constructed between 2019 and 2020 and economic occupancy at Noah’s Ark dropped below 50 percent in spring 2019. As a testament to the strength of the market and the quality of the facility, economic occupancy has surged back, in fact 2021 saw a 23 percent year over year increase from 2020 and the facility is holding steady through the winter months at around 82 percent.

Exclusively Listed By

Financing By

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