An affiliate of Endeavor Real Estate Group has sold two newly constructed class A self-storage facilities totaling 1,174 units in Austin, Texas. The sales price was not disclosed.
Pegasus Group purchased the assets.
The portfolio comprises the CubeSmart – Bee Cave and All Stor South Congress. Both facilities have a retail-oriented customer service office and are in rapidly growing submarkets in one of the nation’s top metro areas and surrounded by existing homes and emerging residential developments.
CubeSmart – Bee Cave was constructed in September 2019 and is situated at 14635 W. SH 71, which is along the primary thoroughfare for travel to central Austin from the residential communities to the west. The three-building facility houses 590 climate-controlled and 55 non-climate-controlled drive-up units.
All Stor South Congress opened in July 2018 and consists of a single two-story building and eight single-story buildings. The facility is located at
