4930 Callaghan Rd - Self-Storage Facilities FOR SALE


San Antonio, TX 78228- Ingram Hills
$990,000 USD
281-398-4588
4930 Callaghan Rd, San Antonio, TX for Sale
$990,000 USD
Self-Storage Facilities - FOR SALE
1/38
null | 8.1% Cap Rate

4930 Callaghan Rd
San Antonio, TX 78228
Ingram Hills


HIGHLIGHTS

  • Room for Expansion
  • 387k Residents Within 5 Miles
  • Only 8.7 NRSF of Total Storage Per Capita
  • Over 17k Vehicles Per Day on Callaghan Rd.
  • Only 1 Mile to Loop 410 / Bandera Rd.
  • Rental Rates 20% Below Market

OVERVIEW

Secure Spaces Self Storage is a 93 unit, 22,450 NRSF self-storage investment opportunity located on Callaghan Rd. in San Antonio, Texas. The facility consists of 4 buildings on 1.5 acres and is seen by over 17,000 passing vehicles per day (Per TxDOT). Additionally, the facility is less than 1 miles from Loop 410 which is a major highway. San Antonio is the second largest city in Texas and is home to over 1.5 million residents. Of those residents, over 387k live within 5 miles of the subject property and with only 8.7 sqft of storage per capita in the area, storage space is in low-supply which creates a positive outlook for achievable rental rates. The site also provides ample room for an additional building or outdoor parking spaces. Originally constructed in 1960, Secure Spaces Self Storage is a first-generation self storage facility that has been “mom and pop” operated since its inception. Aside from recent renovations, the facility has undergone very few changes over the years and will benefit greatly from an experienced operator who can improve on the recently implemented web-presence by introducing SEO, social media marketing, google ads, SpareFoot profile, etc. Additionally, the facility can be optimized for remote management with the addition of automatic gates and keypad access. Finally, a new owner can immediately increase revenue by increasing rental rates which are as much as 20% below market for comparable unit types and sizes. Listed at a compelling price of just $44/NRSF, Secure Spaces Self Storage is a true value-add opportunity with immediate cash flow that can be brought into the 21st century with relative ease.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$44 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Secure Spaces Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C-3

APN/PARCEL ID

11556-000-0021,11556-000-0022

ASK ABOUT THIS PROPERTY

Craig RiceCSD Realty CompanyMore Info
281-398-4588

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Craig RiceCSD Realty CompanyMore Info
281-398-4588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.