Despite 17 Competitors in a 3-Mile Radius, The LeClaire Group Procures 6 Offers and Sells A&A Self Storage in San Antonio, Texas
HOUSTON, TX | The LeClaire Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of A&A Self Storage, a 44,475 net rentable square foot storage facility located in San Antonio, Texas.
Dave Knobler, First Vice President Investments in Marcus & Millichap’s Houston, Texas office and Charles “Chico” LeClaire, Executive Managing Director Investments in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the seller, a California family trust. “The feedback from the market was remarkable on A&A and it was a very competitive process” said Knobler. “We had a 30 day call for offers marketing plan and received 6 offers in that timeframe.” “The activity came in spite of significant supply hurdles,” added Knobler, “We were able to navigate the headwinds of having 17 competing facilities within a 3 mile radius.”
A & A Self Storage is a 44,475 net rentable square foot self-storage facility located inside Loop 410 in San Antonio, Texas. The property sits on approximately 3.6 acres of land and has six single story buildings. There are 400 units composed of 122 climate control units, 241 non-climate units, and 37 outdoor parking spots. The property has amenities including a gated entry with digital keypad, a manager’s office and residence, video surveillance, and asphalt driveways.
A & A Self Storage is nestled in the densely populated inner west side of San Antonio, where there are approximately 125,000 people living within a three-mile radius. The facility fronts on Ingram Road near a major intersection at Callaghan Road and is in close proximity to numerous national and local retailers. Ingram Road is a busy street connecting residential areas on both sides of Loop 410 and has traffic counts of over 15,000 cars per day. Additionally, A & A Self Storage is less than one mile to the east of Holmes High School, as well as the newly renovated Ingram Park Mall, and is nearly three miles to the west of St. Mary’s University, and the San Antonio Medical Center. The facility is also near Downtown, Sea World, and Lackland Air Force Base.