Special Purpose Facility

Woodland Self Storage

1620 S Ih 35 Austin, Texas United States 78704
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Attributes

Year Built 2019
Building Area Gross
Land Area Gross ()
Number of units 952
Occupancy 56.0 %

Asset Description

LOCATION: The property is situated at the northwest corner of South Interstate 35 (frontage road) and Woodland Avenue, between Riverside Drive and Oltorf Street in Austin, Travis County, Texas.

ACRES: +/- 2.292 acres (99,810 square feet)

FRONTAGE: +/- 400’ (S IH 35); +/- 250’ (Woodland Ave)

TRAFFIC COUNT: +/- 200,000 VPD

UTILITIES: Water/sewer and electric services are provided by Austin Energy.

YEAR BUILT: The facility opened for business in April 2019.

CONSTRUCTION DETAIL: The facility is consists of a single building. A portion of the building is three stories and a portion of the building is four stories due to the elevation of the site.

ELEVATOR DETAIL: The facility has two Schindler Holeless Hydraulic elevators with a capacity of 4,500 pounds each.

APARTMENT: There is no apartment at the facility.

OFFICE: The facility has a retail oriented customer service office which is approximately 1,160 square feet in size.

CLIMATE CONTROLLED: The unit mix is comprised of approximately 97% climate controlled self storage units.

FEATURES AND AMENITIES: The facility has electronic access control, secure fencing, 24-hour video surveillance, climate controlled units, drive-up units, elevator access to upper floors and a retail oriented customer service office.

MANAGEMENT: The property is professionally managed by Extra Space Storage.

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 – 9:00 am to 5:30 pm; Sunday - Closed

OPERATION HOURS (ACCESS): Monday through Sunday - 6:00 am to 10:00 pm


OFFERING PRICE: Unpriced

RENTABLE SQUARE FEET: 92,288

EFFECTIVE RENTAL RATE: Climate Controlled - $30.85 psf | Non-Climate - 25.48 psf

NUMBER OF UNITS: 952

CURRENT OCCUPANCY: Economic – 40% | Physical – 56%

OFFER DEADLINE: March 25, 2022

Investment Highlights

  • New Class A Construction Near Austin CBD
  • Excellent Visibility to Over 200,000 VPD
  • Strong Demographics with Projected Growth
  • Abundance of New Residential Development
  • Thriving Austin Economy
Last Updated Date: 27 Apr 2022

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Last Updated Date: 27 Apr 2022

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