A-1 Self Storage Acquires AAA Storage South Lamar in Austin, TX
This existing 26,740-square foot self storage facility serves Austin, TX. This was an off-market transaction with the Seller.
Developed in 1975, AAA Storage South Lamar consists of 5 single-story drive-up self storage buildings and approximately 3,186-square feet of retail situated on 1.76 acres. The facility is in an ideal location with excellent visibility on South Lamar Blvd which averages over 33,000 vehicle trips per day.
We are very excited about our first successful acquisition in Austin, TX. And for this location to be our first A-1 Self Storage in Austin is just magnificent. South Lamar, or SoLa, has become one of the most desirable areas to live in all of Austin. It’s young, it’s hip, and the thousands of new residents who have moved into the area agree.
“Due to the proximity to downtown and the thousands of new multi-family units developed nearby, this is an area we want to invest in. In the short term, we will add value through our professional operations, and increase revenue through our revenue management and marketing platforms,” said Brian Caster, President and CEO of A-1 Self Storage. “Long term, we plan to redevelop this site into a state-of-the-art, class A, A-1 Self Storage facility. We are thrilled to expand our reach to customers in Austin, TX and provide them with an excellent self storage experience. With our second location in escrow, we plan to be one of the leading providers of self storage in Austin, so if you have an opportunity for us in that market, please let us know.”
A-1 Self Storage is looking throughout California and Texas to purchase raw land, existing facilities, projects in fill-up and projects that are entitled but not built. If you have any of these opportunities, please contact Bryan Underwood via e-mail at firstname.lastname@example.org or call 800-219-4854 ext. 164.