10640 W State Highway 29
Liberty Hill, TX 78642

Storage Town USA is a turn-key self-storage opportunity located in the Austin, Texas suburb of Liberty Hill. The property is strategically located on State Highway 29 just 0.7 miles east of Highway 183. Highway 183 is a major north-south thoroughfare in Austin connecting the cities of Liberty Hill, Leander and Cedar Park. The facility is only thirty miles north of Downtown Austin. Liberty Hill has seen tremendous commercial and single family residential growth over the last three years. HEB & CVS Pharmacy have planned developments at the SE Corner of Highway 183 & 29. These developments are less than 0.3 miles from Storage Town USA. There are currently 2,200 residential lots under development in Liberty Hill with 650 building permits issued in 2017. Storage Town USA was built in phases and just recently completed an expansion in 2017. The facility features paved asphalt driveways, steel and metal construction, security cameras and a perimeter fence. There is a mix of cc, nc and outdoor covered parking. The current physical occupancy is 81% and economic occupancy is 77%. Significant management upside highlights this acquisition opportunity. Rental rates have been inconsistently raised and lowered as well as price increases to existing tenants. Tenant insurance is not required. Priced at $3,550,000 Storage Town USA yields a year one cap rate of 6.06%.