Lakehills Specialty for Sale - Bandera County
500 Units
95,000 SQFT
4.5 Acres
~75% Climate-Controlled
Multi-Phase Development
1031 Exchange Compatible
The total population within a 10-mile radius grew by nearly 25% since 2010 and boasts an average household income of $92,671.
San Antonio MSA is the 3rd fastest-growing in the US with at least 2M residents and leasing rates have surpassed pre-pandemic levels in most sectors.
On the heels of a once-in-a-century pandemic and with a likely recession on the horizon, real estate investors have been pumping the brakes on risky investments, returning demand to assets more resistant to economic factors. Self-storage is famed for this, as demonstrated during the pandemic where that sector led REIT returns at 55% with industrial closest behind at 28.7%.
Meanwhile, classic asset types such as retail and office reported a loss with returns at -6.5% and -28.3%, respectively. Precision Global Corporation presents the opportunity to enter the self-storage sector at this critical moment for the economy with our newest project, Lakehill Storage.
Located at 9101 FM 1283, the Lakehill Storage project sits on 4.5 acres and will be delivered in two phases:
Phase I: This phase will include 60,000 square feet of rentable storage space and 10,000 SQ FT of RV and boat storage.
Phase II: This will finish off the project and consume the RV and boat storage, completing the facility at a total of 95,000 net rentable square feet, comprised of 500 units. Average construction times are estimated to be 6-7 months to complete a facility of this size in today’s market.
Situated on the western perimeter of San Antonio’s MSA, Lakehills and Bandera County as a whole are burgeoning areas in the region. While not exactly self-storage, the adjacent industrial sector has seen a tremendous jump in rents as rates today are more than 66% higher than they were a decade ago.
Lakehill Storage is primed to meet demand as Medina Lake, the origin of the town’s namesake, is dotted with RV parks and boat ramps. The locale also boasts a highly affluent populous, especially given its rural nature, with an average household income of $92,671 within a 10-mile radius. Now you can grab a piece of this red-hot, time-tested asset class to ensure robust and prolonged performance no matter what the world throws at it.
*This Self-Storage Facility is only available as a passive investment. We design every offering to be fully 1031 Exchange compatible*
**Some of the photos above are previously built facilities by our developer to show a likeness to Lakehill Storage. Facility aesthetics may vary upon completion.**
