U-Haul Building SA Self-Storage Project

U-Haul has acquired a construction site in the Ingram Park of San Antonio to build a three-story building that will offer 750 climate-controlled self-storage units ranging between 25-300 square feet. It’s U-Haul’s 16th property in San Antonio. The facility is set for completion in 2026.

The facility will take shape on 11 acres at 7616 N.W. Loop 410, 13 miles from downtown San Antonio. Amenities at the U-Haul facilities will include towing equipment, boxes and moving supplies, RV and vehicle storage, hitch installation, portable storage containers, video surveillance and online payment.

As of early February, the market had 14 self-storage properties under construction, set to add 1.2 million square feet to the existing inventory, Yardi Matrix data shows. A Forbes study showed the rent for these units, nationally, increased by 13% in 2022. In 2001-2023 the average return on self-storage was 20.87%, and in 2006-2021 it was 18.76%.