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

Address
1216 Broadway, 2nd Fl
New York, NY 10001
Phone
206.799.7645