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1301 La Salle AveWaco, TX 76706
Texas, Value-Add, Recently Expanded Self-Storage Opportunity
Asset ClassSelf Storage
Square Feet71,450
# Units: 746Land: 9.1 AcresParking Spaces: 109 SpacesAccess Data Room
Waco, TX
overview of deal

Overview

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale Waco Self Storage (U.S. Storage Centers-managed).

 

This offering presents a rare opportunity to acquire a high-quality self-storage project in the fast-growing Waco, TX. The project totals 71,450 rentable square feet of drive-up and climate-controlled ground-floor units. The Property was recently expanded by adding 109 uncovered Boat and RV parking spaces ranging in length between 21 and 75 feet. The Property is in a high-visibility location with excellent population density, strong historical and projected population growth, and no additional storage in the development pipeline.

 

Currently, the facility maintains an occupancy rate of 82.1%, with substantial potential to increase rental income through the lease-up of the remaining self-storage units and Boat/RV parking spaces. This dual revenue stream provides investors with a compelling combination of stable cash flow from the nearly stabilized self-storage side and considerable upside from the newly delivered Boat and RV parking. The strong demand for both unit types positions the Property as a standout investment in one of Texas’ most promising secondary markets.

 

The store is located in the City of Waco, in Central Texas. Waco is home to approximately 140,000 people and is part of the larger Waco Metropolitan Statistical Area, a vital regional hub. Waco’s central location between Dallas and Austin provides strategic business and logistics advantages. The city has seen rapid growth in recent years, with new residential and commercial developments continuing to shape the area. The site on La Salle Ave is conveniently positioned near Interstate 35, offering excellent access to key transit routes. This store offers a mix of drive-up, climate-controlled, and boat & RV parking, making it a competitive option for residents and businesses.

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Investment Highlights

  • High-Growth Market: Positioned in Waco, TX, a rapidly expanding market with strong population and economic growth between Dallas and Austin.
  • Diverse Revenue Streams: Offers 71,450 rentable square feet with drive-up, climate-controlled units, and 109 Boat/RV parking spaces, providing stable cash flow and growth potential.
  • Prime Location: Located on La Salle Ave near I-35, offering high visibility and easy access for local residents and businesses.
  • Occupancy Growth Potential: Currently 82.1%occupied, with significant upside from leasing remaining storage and Boat/RV spaces.
  • Limited Competition: No new storage developments in the pipeline, making this property highly competitive in a growing market.
  • Strong Market Demand: Waco’s ongoing residential and commercial growth ensures sustained demand for storage and parking solutions.
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1301 La Salle AveWaco, TX 76706

Cushman and Wakefield Self-Storage Advisory Group

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Listing provided by Revere CRE