4930 Callaghan Rd - Secure Spaces Self Storage 22,500 SF Specialty Building Offered at $1,364,883 CAD at a 8.10% Cap Rate in San Antonio, TX 78228

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.