1605-1611 Dungan Ln
Austin, TX 78754
Dungan Storage Warehouses · Specialty Property For Sale · 20,860 SF

Dungan Storage Warehouses is a 20,860 NRSF facility located in Austin, TX. The facility features 44 units of traditional self storage and larger warehouse units. The property is strategically designed to appeal to business and personal tenants. Dungan Storage Warehouses has a physical occupancy of 89%. The occupancy is typically 100% with a waiting list. There is upside for a potential buyer to lease the vacant parking units, an unused office and add portable units. Rental rates are 12-15% below market average. Construction highlights include steel & metal buildings, asphalt driveways, exterior lighting and security cameras. Dungan Storage Warehouses was built in phases between 1978-1981 and 2004. Current owners have completed a number of cap-ex items including paint, asphalt, siding, security cameras and landscaping. New LED lighting was installed throughout the facility. The facility is located 8.8 miles from Downtown Austin. Additionally, Dungan Storage Warehouses is located only 1.1 miles east of Interstate 35 making it accessible to businesses and individuals from Downtown Austin to Pflugerville. The immediate one mile radius includes multiple new retail, commercial and residential developments. Major TXDOT construction on Interstate 35 has increased access to Rundberg Lane. A new owner will be able to continually increase rates on a product type under supplied. By increasing NOI 8-12% cash on cash returns above 10% are achievable. Additionally, this is one of the best price / sq. ft. priced asset in the Austin market.