Madrone Self Storage & Office Park

    • 706 FM 2325
    • Wimberley, TX 78676

INVESTMENT HIGHLIGHTS

  • Current Occupancy 97% Physical 84% Economic
  • Asphalt, Metal & Steel Construction
  • Across from Wimberley Market Days Drawing State-Wide Attendance
  • New Climate Controlled Building Completed in 2019
  • 24-Hour Secure Access
  • Traffic of Over 11,000 Vehicles Per Day

EXECUTIVE SUMMARY

Independence Commercial Advisors is pleased to exclusively offer Madrone Office Park & Storage, a 13,863 SF facility in Wimberley, Texas. The asset is located in the Austin, Texas MSA just minutes from Historic Downtown Wimberley in the heart of the Texas Hill Country. Madrone Office Park & Storage represents a tremendous upside opportunity for a new owner. The asset is currently at 97% physical occupancy, while economic occupancy is only 84%. This investment offers the potential to earn a 5-year average cash-on-cash return of over 17%. The original four drive-up buildings were built in 1978. Construction was just completed in 2019 on a brand new, 2,720 sf climate-controlled building that also includes two office spaces averaging +/- 224 SF each, restrooms and a shared kitchen area. One of the offices is currently functioning as the leasing office. In addition to the offices, there are a total of 86 drive-up units and 25 climate-controlled units. The all-metal construction is on concrete slab foundations with 24-hour gated keypad access, and is set on just over one acre of land. With minimal competition in the immediate vicinity, Madrone Office Park & Storage is less than 33 miles from downtown Austin, and just 15 miles from IH-35 and Texas State University in historic San Marcos, Texas. The property is located directly on FM 2325 and benefits from traffic of over 11,000 vehicles per day. It is right down the street from Wimberley High School and Danforth Junior High, and across the street from the weekly Wimberley Market Days open from March through December. It is also surrounded by parks and spring-fed rivers and creeks, making the area ideal for outdoor enthusiasts.

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