12615 Judson Road - San Antonio, TX 78233.
The Mele Group of Marcus & Millichap is pleased to offer the Regal Self Storage Development in San Antonio. The proposed self-storage development will benefit a qualified investor/developer with its strategic position in one of the nation's fastest-growing cities and metro areas. Furthermore, the site resides next to San Antonio's Interstate 35/Pan Am Expressway, boasting over 210,000 vehicles daily. The abundance of commercial development, including multifamily and retail to complement the population surge, is prominently located throughout the site's immediate vicinity.
The Regal Self Storage Development resides on approximately 5.870 acres on Judson Road-Interstate 35/Pan Am Expressway on the north side of San Antonio. The approved self-storage site is zoned for C-3, a district intended to provide for more intensive commercial uses than those located within the NC, C-1 or C-2 zoning districts. The zoning is most optimal for self storage within this high-traffic, high-density location. The current site plan is approved for Phase I construction with 704 units of Class A storage encompassing 82,100 net rentable square feet. Phase II would allow an investor to expand the site by 10,800 gross square feet for a total of 103,375 gross square feet upon the completion of both Phases I and II.
Located adjacent to Sam's Club, the proposed site is in close proximity to Interstate 35's numerous nationally-recognized commercial retailers, such as Costco, TJ Maxx, The Home Depot and Bed Bath & Beyond, as well as many car dealerships. Currently, the area is witnessing a development boom of numerous retail projects to further expand this surrounding commercial corridor, including the proposed 290,000-square foot IKEA store near the intersection of Interstate 35 and Loop 1604, which will break ground this year.
In addition to residing in a high-traffic commercial corridor, the site is encompassed in a significant number of residential, multifamily and senior communities with more underway as San Antonio's population continues its surge. Directly across from the site on Judson Road are two multifamily developments underway, allowing the proposed site to serve as the closest self- storage destination for the complexes' renters. The site will also be closest to the planned, 213-unit Larkspur at Live Oak Senior Community. Within a five-mile radius of the site there is an estimated 2017 population of 241,523 and 88,529 households. By 2022, the individual and household populations are projected to increase to 260,081 individuals and 97,766 households.
Rich in history and culture, the city is home to over 30 higher-education facilities such as the University of Texas Health Science Center at San Antonio, the University of Texas at San Antonio, Texas A&M University ' San Antonio and the Alamo Community College District. San Antonio is also houses numerous U.S. armed forces both in and around the city, including Fort Sam Houston, Lackland Air Force Base, Randolph Air Force Base, Camp Bullis and Camp Stanley. The city was recognized in Forbes' Next Biggest Boom Towns in the U.S. for its soaring population, solid job market and booming industry. Five Fortune 500 companies are headquartered in San Antonio: iHeart Media, CST Brands Inc., USAA, Valero Energy Corp. and Tesoro Corp.
San Antonio is a principal city of the San Antonio-New Braunfels, Texas Metropolitan Statistical Area. Commonly referred to as the Greater San Antonio area, this region is one of the top 25 most populous in the nation. From 2010 to 2016, the Greater San Antonio area also ranked among the top 20 for the highest population growth increase.