Andrews | Texas

Stonegate Self Storage

Located in Andrews, Texas, Stonegate Self Storage is a state-of-the-art self storage facility with a mixture of non-climate drive-up units, climate-controlled storage, and boat & RV storage. Built in 2021, the property is equipped with technology allowing the facility to be managed fully remotely, featuring a remote leasing kiosk, an electronic access gate, and 24/7 security surveillance.

The facility sold in Q4 2022 and resulted in a 2.08x for LP investors over the 2 year hold period with a 44% IRR.

Andrews, Texas self storage facility

Highlights

Construction Completed in May 2021
302 Total Units including a mixture of climate controlled storage, non-climate drive-up units, covered boat/rv storage, and uncovered boat/rv storage
50,550 Rentable SF
Exit Multiple 2.08x, 44% IRR over 2yr hold

Project Images

Andrews, Texas self storage facility
Andrews, Texas self storage facility
Andrews, Texas self storage facility