7301 Lohmans Ford Rd
Lago Vista, TX 78645
Texas Hills Plaza · Specialty Property For Sale · 28,567 SF

Texas Hills Storage is a pride of ownership, value-add self storage opportunity in the growing second home and resort town of Lago Vista. Lago Vista is located only 33 miles from downtown Austin, Texas. The property has close proximity to all major retail and shopping destinations in Lago Vista – Lowes Market, CVS, Dominoes, Starbucks and BBVA Bank. The facility fronts busy Lohman Ford Road which is the major street leading to residential subdivisions and Lago Vista High School. The population in Lago Vista ISD has increased 20.5% since 2011. The number of households in LVISD has increase 19.8% since 2019. Additionally, the median household income has increase 24% since 2010. The facility was developed in 1995 and expanded in 1998 and 2001. Construction highlights include concrete driveways leading to the office and crushed gravel driveways throughout the facility. There is perimeter fencing, keypad access and security cameras. A large on-site office offers plenty of room for retail sales. All buildings have steel framing and metal siding and roofs. In addition to self-storage rentals current ownership offers a packaging and shipping operation, retail sales, notary services and dry-cleaning services. The facility has consistently maintained 90+% occupancy levels. This is a tremendous value-add opportunity for the next owner. The owner has never raised rents on existing tenants. Additionally, street rates are $10 - $25 below competitor facilities. With attractive debt and increases to street and in place rates the facility should yield double digit cash on cash returns by the second year of ownership.