Boerne Boat and RV Storage – Boerne, Texas (San Antonio MSA)

Property Location

29 Scenic Loop Road
Boerne, TX 78006

investment highlights

  • SUPERB MARKET: SAN ANTONIO MSA // 5-mile radius has $155,000 average HH income and a projected 16 percent population growth through 2025. The facility is located 1,500 feet from Interstate 10 in the Hill Country just north of San Antonio.
  • NEW EXPANSION UNITS WILL INCREASE REVENUE // 150 expansion open parking units are currently under construction and will be open by time of sale. Rent projected at $85 per month and current owner anticipates a fast lease up considering how many inquiries he turns away every week and the 28 people on the wait list for open parking.
  • UPSIDE REVENUE POTENTIAL // New owner has the ability to raise rents on existing tenants. Current owner has not pushed rents despite the 97 percent physical occupancy, below market rents, and longevity of current customer’s (41 percent of customers signed their lease prior to Dec 31 2019).
  • MODERN FEATURES // Electronic front gate opened via keypad/keycard with extra-tall keypad at RV height, enclosed units have electric doors opened via access card, digital security cameras, LED lights, and a leasing office.
  • WELL OCCUPIED MARKET // Very limited availability for RV & Boat parking within the trade area. This facility has 82 people on wait list (all unit types).
  • OPTIMAL UNIT MIX // This facility offers open parking, covered parking, and enclosed units.

Broker Information

Thomas Parsons

Senior Associate

Phone: 303.328.2068
Email: tparsons@marcusmillichap.com
License: CO FA100071008

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Dave Knobler

Senior Vice President

Phone: 713.452.4293
Email: dknobler@marcusmillichap.com
License: TX 606252

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Contact The LeClaire-Schlosser Group