Just A Closet Self Storage

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Just A Closet Self Storage (the “Property”), a state-of-the-art, recently delivered Class A self storage facility within the Rio Grande Valley. The Property, consisting of 92,150 square feet across two-single story buildings, has 616 total units (all ground level) and is 89% climate-controlled. Phase I of the Property was opened in 2022 with Phase II being completed in 2024. In March 2024, prior to Phase II opening, Phase I was 94% occupied. Since Phase II came on-line, the Property has continued to see strong leasing demand and rental rate resiliency and is currently 67.5% occupied.

The Property benefits from a core location in McAllen / Edinburg with excellent access and approximately 75,200 households in the surrounding 5-mile radius. Within the 5-mile radius, the average household income tops $91,300 with an average population of more than 225,000. This offering provides investors the opportunity to purchase an asset in a densely populated Texas market with strong revenue upside by increasing in place rents to drive value and generate outsized returns.