Portfolio

Austin, Texas Self Storage Portfolio

Bee Cave and Austin, Texas, United States
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Building Area
Number of units 1174

Property Description

Offering Price - Unpriced

Rentable Square Feet - 141,988

Number of Units - 1,174

Occupancy - Economic – 44%; Physical – 55%

Offer Deadline - February 5, 2021

Investment Highlights

Two New Self Storage Assets in Austin, TX 

The offering provides the opportunity to acquire two institutional quality self storage facilities located in Austin, TX which were completed in September 2019 (CubeSmart - Bee Cave) and July 2018 (All Stor South Congress). Both facilities were constructed to Class A standards with all modern features and amenities. With a combined physical occupancy exceeding 55% over the course of their short leasing history, the properties are poised to rapidly achieve stabilization and are well positioned for revenue growth through rate increases. 


Strong Growth Trends 

The properties are located in rapidly growing submarkets in close proximity to numerous emerging residential developments. The annual population growth projections for 2020-2025 within a three-mile radius of the properties exceed national projections, as shown below.

  • CubeSmart - Bee Cave – 3.60%
  • All Stor South Congress – 2.39%
  • United States – 0.72%


Thriving Austin Economy 

As one of the nation’s top economic performers, Austin is a vibrant city with a young, highly educated population that attracts business and tourism. The metro leads the nation in terms of population growth, fueled largely by the strongest rate of in-migration with an impressive 169 people moving to the city every day. The population explosion of the Texas capital, which reached approximately 2.1 million last year, is projected to grow faster than any other large U.S. city in the next 25 years. 

Last Updated Date: 07 Jan 2021
Steve Mellon
Steve Mellon
Managing Director, Capital Markets
Brian Somoza
Brian Somoza
Managing Director, Capital Markets
License details
CA-01510519

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Last Updated Date: 07 Jan 2021

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