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Key facts
| Year Built | 2019 |
| Building Area Gross |
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| Land Area Gross |
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| Number of units | 952 |
| Occupancy | 56.0 % |
Property description
LOCATION: The property is situated at the northwest corner of South Interstate 35 (frontage road) and Woodland Avenue, between Riverside Drive and Oltorf Street in Austin, Travis County, Texas.
ACRES: +/- 2.292 acres (99,810 square feet)
FRONTAGE: +/- 400’ (S IH 35); +/- 250’ (Woodland Ave)
TRAFFIC COUNT: +/- 200,000 VPD
UTILITIES: Water/sewer and electric services are provided by Austin Energy.
YEAR BUILT: The facility opened for business in April 2019.
CONSTRUCTION DETAIL: The facility is consists of a single building. A portion of the building is three stories and a portion of the building is four stories due to the elevation of the site.
ELEVATOR DETAIL: The facility has two Schindler Holeless Hydraulic elevators with a capacity of 4,500 pounds each.
APARTMENT: There is no apartment at the facility.
OFFICE: The facility has a retail oriented customer service office which is approximately 1,160 square feet in size.
CLIMATE CONTROLLED: The unit mix is comprised of approximately 97% climate controlled self storage units.
FEATURES AND AMENITIES: The facility has electronic access control, secure fencing, 24-hour video surveillance, climate controlled units, drive-up units, elevator access to upper floors and a retail oriented customer service office.
MANAGEMENT: The property is professionally managed by Extra Space Storage.
SECURITY: The facility is equipped with a 24-hour video surveillance system.
OPERATION HOURS (OFFICE): Monday through Friday - 9:30 am to 6:00 pm; Saturday – 9:00 am to 5:30 pm; Sunday - Closed
OPERATION HOURS (ACCESS): Monday through Sunday - 6:00 am to 10:00 pm
OFFERING PRICE: Unpriced
RENTABLE SQUARE FEET: 92,288
EFFECTIVE RENTAL RATE: Climate Controlled - $30.85 psf | Non-Climate - 25.48 psf
NUMBER OF UNITS: 952
CURRENT OCCUPANCY: Economic – 40% | Physical – 56%
OFFER DEADLINE: March 25, 2022
Investment highlights
- New Class A Construction Near Austin CBD
- Excellent Visibility to Over 200,000 VPD
- Strong Demographics with Projected Growth
- Abundance of New Residential Development
- Thriving Austin Economy
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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