Objectomschrijving
Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire 301 Trenton Rd. (the “Property”), a state-of the-art, recently delivered self storage facility in McAllen, Texas. The Property, consisting of 85,875 square feet across 773 units, was completed in March of 2023 and is operated by Extra Space as Life Storage. Ideally situated next to a Walmart Supercenter with frontage along a primary roadway, the Property has seen tremendous leasing demand and rental rate resiliency since opening and is currently 39% occupied. Roughly 100,000 people live within 3-miles of the Property in a strong trade area that continues to grow well in excess of the national average. This offering provides investors the opportunity to purchase the best located self storage asset in a densely populated, highly resilient Texas market and to achieve enhanced yields through completing
lease-up.
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Investeringskenmerken
- Recently Delivered, Class A Asset Opened In Mar-23
- Resilient, Strong Rental Rates & Low Tax Environment
- Booming Rio Grande Valley Location I 107 New Leases Signed In Last Two Months
- Strong Surrounding Demographics I ~100K Population In 3-Mile Radius
- Excellent Visibility & Accessibility From Major Thoroughfare
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