https://versalpartners.com/properties/lone-star-storage-center-portfolio/
Lone Star Storage Center – New Braunfels is located in New Braunfels, Texas (San Antonio – New Braunfels MSA). This is a rare opportunity to acquire a class “A”, family-owned and operated facility in an institutional quality market. The property was constructed in 2018 and has never been listed for sale until now.
The property features 355 non-climate, 247 climate-controlled, and 28 covered parking units for a total of 97,763 NRSF. It also includes 14 uncovered parking spaces. The facility has a physical occupancy of 77% and an economic occupancy of 91%. The average unit size is 136 NRSF.
The facility is well located, with 94,870 people living within 5 miles and an average household income of $114,508. It has frontage on Loop 337 and is only 1.1 miles from I-35. It is also 1.5 miles from major retailers like H-E-B and Chick-fil-A.
Construction highlights include concrete drives, metal and steel construction, gated keypad access, exterior lighting, perimeter fencing, security cameras, and an onsite
office.
Lone Star Storage Center – New Braunfels is being offered for sale individually or as part of a portfolio.
Contact Versal for pricing guidance.