Versal Partners is pleased to announce the sale of an early lease-up asset in the renowned Stone Oak neighborhood of San Antonio, Texas.
This newly constructed property features 648 climate-controlled units spanning 68,127 NRSF across four floors. The site’s topography allowed the facility’s basement to act as an additional first floor, giving the ability to achieve first-floor rates across two separate floors. 58% of the facility’s NRSF is located on these first-floor levels.
The property’s construction makes it a class-A self-storage facility in its own right, but its location in San Antonio’s Stone Oak neighborhood makes it a true trophy asset. A 3-mile radius around the property encompasses 82,227 residents with an average household income of $142,418. The facility is also within a short drive of numerous retail hubs, including well-known retailers like Trader Joe’s, Walmart, Whole Foods, and H-E-B.
Notable construction highlights include stone exterior accents, a well-designed office space, sizeable unloading areas, and ample security features throughout. Ingress and egress to the property are also simple, with access points along both Knights Cross Drive and Stone Oak Parkway.
Versal Partners represented the seller on this transaction.
