5141 Cromwell Dr
Kyle, TX 78640

Consisting of 41,283 net rentable square feet on 4.296 acres, the facility maintains 138 climate-controlled units ranging from 25 square feet to 300 square feet and 167 nonclimate-controlled units ranging from 16 square feet to 300 square feet. In addition, there are currently seven 12 x 30 mini offices and 23 outdoor parking spaces. The subject sustains economic and physical occupancies of 71 and 76 percent, allowing an investor to benefit from the continuation of lease-up activity. The subject currently offers rates below the market average on selected units and has room for expansion to add 52,600 gross square feet. Kyle Pkwy Self Storage & Mini Offices maintains a staff that prioritizes customer service and cleanliness; the facility is fully fenced, gated and lighted for safety. The property also offers concrete drives which can be easily maintained. Kyle Pkwy Self Storage & Mini Offices offers excellent visibility from Kyle Parkway which witnesses an average daily traffic count in excess of 30,000 vehicles. The subject is one-half mile from Interstate 35, which serves as a major thoroughfare and witnesses traffic counts in excess of 125,000 vehicles per day. The facility is situated in a high-growth corridor and is within close proximity to several residential zones, schools and national-retailers. There are 3,086 multifamily units within a three-mile radius of the property, an increase of 19.7 percent from the prior year. Likewise, 12-month absorption was 679 units, an increase of 494 percent compared to the prior 12-month period. The award-winning Plum Creek master-planned community is nearby. With over 1,700 homes, this community also has some of the most stringent on-street parking and outdoor storage restrictions in the area, which also drives storage demand.