Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Building Area

Property Description

Location - The property is situated along the north side of Anderson Mill Road, approximately 0.50 miles east of Highway 183 in Austin, Williamson County, Texas.

Acres - +/- 0.89 acres (38,768 square feet)

Frontage - +/- 150 feet along the north side of Anderson Mill Road; +/- 300 feet along the west side of Harmony Hill Street

Traffic Count - +/- 21,000 VPD 

Year Built - The facility opened for business in September 2017.

Construction Detail - The facility is comprised of a single three-story building. The foundation is reinforced concrete slab on grade. The supporting structure is steel framing supporting metal walls with a stone/stucco façade. The building has a standing-seam metal roof.

Elevator Detail - The facility has one elevator

Apartment - There is no apartment at the facility.

Office - The facility has a retail oriented customer service office.

Climate Controlled - The facility is 100% climate controlled.

Features and Amenities - The facility has electronic access control, secure fencing, 24-hour video surveillance, climate controlled units, elevator access to upper floors and a retail oriented customer service office.

Management - The property is professionally managed by The Jenkins Organization.

Software - The facility uses Site Link software for the management of tenants.  

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 – 8:00 am to 5:00 pm; Sunday - 1:00 pm to 5:00 pm. 

Operation Hours (Access) - Monday through Sunday - 5:00 am to 10:00 pm

Investment Highlights

New Class A Construction in Austin - Springwood Self Storage opened for business in September 2017 and was constructed to Class A standards with an attractive design and all modern features and amenities.

Excellent Visibility and Accessibility – The property has over 150 feet of frontage with prominently displayed signage along Anderson Mill Road, a high traffic arterial street. The location is proximal to Highway 183 (0.50 miles), FM 620 (1.25 miles) and Parmer Lane (1.75 miles) which are critical thoroughfares in the Austin area and provide access to the property for a wide ranging customer base.

Strong Demographics with Projected Growth – There are over 98,000 residents with an average household income of over $111,000 within a three-mile radius of the property. The population is projected to grow at an annual rate of 1.92% over the next five years.

Robinson Ranch – Located approximately two miles east of Springwood Self Storage, Robinson Ranch is comprised of over 6,700 acres of undeveloped land which was annexed by the City of Austin in 2004 and has been zoned PUD. The property is one-of-a-kind in terms of its scale and is a prime location for a new corporate headquarters or other master planned development. 

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. The surrounding area is one of the hottest real estate markets in Austin due to the large Apple complex that is being constructed on Parmer Lane, within a few miles of the property.

Last Updated Date: 05 Mar 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: 05 Mar 2021

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