Andrews | Texas
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.