Memorial Self Storage

Grandstone Investment Sales is pleased to present the Broker Opinion of Value for Memorial Self Storage, a high quality institutional self storage facility at 1890 South Walnut Avenue, New Braunfels, TX. Built between 2000 and 2006 on a 4.04-acre site, the property offers 504 units with a diverse mix of climate-controlled, non-climate-controlled, and uncovered parking totaling 63,695 net rentable square feet. The facility is strategically located within a rapidly expanding corridor of Comal County, benefiting from robust population growth  (projected 1-mile population growth of 8.7% through 2029). Memorial Self Storage is currently achieving a physical occupancy of 72.5%, with trailing twelve months net operating income of $453,875 and Year 1 projected NOI rising to $503,636 through targeted management efficiencies and rent growth.