U-Haul Acquires Construction Site in Ingram Park, San Antonio to Develop a 750-Unit Storage Facility

U-Haul has embarked on an exciting venture in San Antonio by acquiring a prime site in the Ingram Park area. This strategic acquisition will pave the way for the construction of a three-story building. Set to be completed by 2026, this new facility will be dedicated to providing top-notch self-storage solutions to the local community.

With a total of 750 climate-controlled self-storage units, ranging from 25 to 300 square feet, this new addition will cater to a wide range of storage needs. Whether it's storing cherished belongings during a move or safely housing valuable inventory for a small business, U-Haul's latest property in San Antonio will offer the perfect solution.

This marks a significant milestone for U-Haul as it becomes their 16th property in the vibrant city of San Antonio. The company's commitment to providing reliable and convenient storage options has made them a trusted name in the industry.

The new three-story building will not only offer optimal storage solutions but will also exemplify U-Haul's dedication to innovation and customer satisfaction. The climate-controlled units ensure that delicate items are protected from extreme temperatures, while the variety of unit sizes guarantees flexibility for every customer's unique requirements.

By investing in this new venture, U-Haul is not only creating a cutting-edge storage facility but also contributing to the growth and development of San Antonio. This latest addition to the city's landscape is a testament to U-Haul's commitment to supporting local communities.

As the completion date approaches, eager residents of San Antonio can look forward to a modern and secure self-storage facility. U-Haul's latest property in the Ingram Park area is set to redefine the storage experience, offering convenience, versatility, and peace of mind to all who choose their services.

A Visionary Community Coming to Life

The new facility will be developed on 11 acres of land at 7616 N.W. Loop 410, just 13 miles away from downtown San Antonio. The latest U-Haul establishment is more than just a place to store your belongings - it is a destination for convenience and reliability in the world of moving and storage. From top-of-the-line towing equipment to sturdy moving boxes and supplies, we have thought of every detail to ensure a smooth transition for you.

Need a safe place to store your RV or car? Look no further. Their spacious vehicle storage area is equipped to accommodate all your mobile needs. Plus, their expert team is ready to assist you in hitch installation, ensuring that your journey is as seamless as possible. U-Haul's portable storage containers offer unparalleled convenience, allowing renters to manage their belongings on their own terms. And with modern video surveillance systems, renters can have peace of mind knowing that their valuables are protected.

When it comes to hassle-free payments, U-Haul has you covered, with an online payment system that allows renters to conveniently take care of your monthly charges from the comfort of their home. 

Self-Storage Properties on the Rise

The self-storage industry is experiencing a significant surge in growth, with 14 new properties currently under construction across the market. These developments are set to add a substantial 1.2 million square feet of storage space to the existing inventory, according to data from Yardi Matrix.

But what's driving this expansion? It's clear that the demand for self-storage units is on the rise, as demonstrated by a recent study conducted by Forbes. The study revealed that the average rent for these units has increased by a notable 13% in 2022 at a national level.

Investors eyeing the potential returns in this flourishing sector will be pleased to learn that self-storage has historically proven to be a lucrative investment. Over the period of 2001 to 2023, the average return on self-storage stood impressively at 20.87%. Furthermore, even in the midst of economic uncertainty from 2006 to 2021, the average return remained strong at 18.76%.