# Spare Feet Self Storage in Abilene, Texas, Hit 94% Occupancy Before Phase III and Is on the Market October 2026 > PR Newswire marketing materials describe a Sam's Club-adjacent Abilene box with 36,000 daily highway vehicles, median household income above $110,000, and a proven nine- to twelve-month stabilization history on prior phases. Phase III added 43,350 net rentable square feet in May 2026, resetting occupancy for the next buyer. - URL: https://www.yourcaio.co/news/spare-feet-abilene-phase-three-marketing-october-2026 - Published: 2026-10-06 - Author: David Cartolano (https://www.yourcaio.co/about) - Category: Market Trends - Tags: Abilene Texas, Spare Feet Self Storage, Class A Development, Lease-Up, Disposition Marketing - Source: [PR Newswire / Self Storage Realty Advisors](https://www.prnewswire.com/news-releases/opportunity-to-acquire-prime-class-a-self-storage-asset-in-abilene-texas-call-for-offers-due-oct-14-2026-302897230.html) ## Key Takeaways - Self Storage Realty Advisors announced October 5, 2026 a call for offers on Spare Feet Self Storage at 18 Windmill Circle in Abilene, Texas, with letters of intent due October 14, 2026, per PR Newswire. - The Class A facility totals 148,240 net rentable square feet across three phases delivered in August 2020, October 2022, and May 2026; Phase III alone added 43,350 net rentable square feet. - Marketing claims the asset reached 94% occupancy before Phase III completion; with Phase III online, overall occupancy stands near 65%, giving buyers lease-up upside in a trade area with median household income above $110,000. - Reported rents are $1.43 per square foot climate-controlled and $0.82 per square foot drive-up, with the site adjacent to Sam's Club and fronting U.S. Highway 83 at more than 36,000 vehicles per day. - The offering lands as [Marcus & Millichap forecasts 10% national vacancy](https://www.yourcaio.co/news/marcus-millichap-us-self-storage-outlook-vacancy-development-slows-september-2026) and buyers still chase proven lease-up stories rather than speculative land. Self Storage Realty Advisors launched a **call for offers** on **October 5, 2026** for **Spare Feet Self Storage** at **18 Windmill Circle in Abilene, Texas**, a **148,240-net-rentable-square-foot** Class A facility that hit **94% occupancy** before **May 2026** Phase III delivery, per PR Newswire. **Letters of intent are due October 14, 2026.** The story is phased lease-up math in a tertiary market with affluent household stats, not a distressed exit. --- ## What Is Brokers Marketing at Windmill Circle? SSRA and United Properties Group positioned Spare Feet as Abilene's institutional-quality flagship adjacent to **Sam's Club** with **U.S. Highway 83** frontage carrying **more than 36,000 vehicles per day**. | Element | Detail (PR Newswire, Oct. 5, 2026) | |---------|-------------------------------------| | Address | 18 Windmill Circle, Abilene, TX 79606 | | Total NRSF | 148,240 | | Phase deliveries | Aug. 2020, Oct. 2022, May 2026 | | Phase III NRSF | 43,350 (27,925 CC + 15,425 drive-up) | | Pre-Phase III occupancy | 94% (marketing claim) | | Current occupancy | ~65% with Phase III online | | CC rent (marketing) | $1.43/SF | | Drive-up rent (marketing) | $0.82/SF | | LOI deadline | Oct. 14, 2026 | Demographic bullets include **median household income above $110,000** in the immediate trade area, **10% population growth** over the past five years, and **8% projected growth** over the next five years. Within one mile, marketing cites **$121,591 average household income** and **54%** bachelor's degree attainment. --- ## Why Sell After Phase III Instead of at Stabilization? Developers classically market assets on two curves: **prove demand** on Phases I and II, then **sell the lease-up story** on Phase III when institutional buyers want upside without construction risk. SSRA's release claims Phase I stabilized in about **nine months** and Phase II in about **twelve months**. Hitting **94%** before opening Phase III supports the narrative that Abilene's southwest corridor absorbs inventory faster than national averages suggest. Resetting to **~65%** occupancy after May 2026 delivery is arithmetic, not failure. Buyers underwriting the LOI are paying for a **43,350-square-foot** lease-up wedge with road frontage and big-box co-tenancy already built. That playbook contrasts with [Connolly Brothers' October 2026 CubeSmart delivery in Canton](https://www.yourcaio.co/news/connolly-brothers-cubesmart-canton-massachusetts-delivery-october-2026), where the developer hands over a fully entitled greenfield box. Abilene is a merchant-builder exit on phased product. --- ## How Does Abilene Fit 2026 Buyer Psychology? National data still shows pricing pressure. [Yardi Matrix reported advertised rates down 1.9% year over year in August 2026](https://www.yourcaio.co/news/yardi-matrix-september-2026-advertised-rates-1-9-percent-august-2026). [Marcus & Millichap's September outlook](https://www.yourcaio.co/news/marcus-millichap-us-self-storage-outlook-vacancy-development-slows-september-2026) forecasts **10%** vacancy by year-end with deliveries slowing to **2.2%** of inventory. Yet October 2026 marketing continues for Class A assets with visible lease-up paths: - **Spare Feet Abilene** (this offering): tertiary market, phased upside on 148,240 NRSF - **[Lock Up's $13.2 million Roseville buy](https://www.yourcaio.co/news/lock-up-roseville-extra-space-13-2-million-minnesota-october-2026)**: stabilized 2019 suburban box - **[Merit Hill's $6.9 million Kissimmee StorQuest](https://www.yourcaio.co/news/merit-hill-capital-kissimmee-storquest-express-6-9-million-october-2026)**: **82.2%** occupied lease-up Buyers are not monolithic. Value-add funds want Abilene's **65%** floor with a **94%** historical ceiling. Core-plus buyers want Roseville's 2019 vintage at **$153 per foot**. --- ## What Should Underwriters Stress-Test on Spare Feet? **Occupancy marketing vs. audited rent roll.** Broker decks quote **94%** pre-expansion and **65%** post-expansion. Diligence needs tenant-level detail, not rounded portfolio percentages. **Rate achievability.** **$1.43** climate-controlled and **$0.82** drive-up are marketing anchors. Compare against [StorTrack-powered comp sets](https://www.yourcaio.co/news/stortrack-mcp-chatgpt-gemini-expansion-october-2026) and secret-shop quotes at signing. **Phase III execution risk.** **27,925** square feet of new climate-controlled space competes with existing Phase I and II tenants for the same drive-by traffic. Marketing says rates outperform competitors; prove it with concession history. **Tertiary economic concentration.** Abilene's military and education anchors add stability, but tertiary markets move faster on single-employer shocks than Dallas or Austin metros. **Highway retail co-tenancy.** Sam's Club adjacency drives visibility. It also caps alternative uses. Underwrite the storage cash flow, not imaginary mixed-use optionality. --- ## The Numbers Worth Writing Down - **148,240** net rentable square feet total - **43,350** NRSF added in Phase III (May 2026) - **94%** occupancy claim before Phase III - **~65%** occupancy with Phase III online - **$1.43/SF** climate-controlled rent (marketing) - **$0.82/SF** drive-up rent (marketing) - **36,000+** vehicles per day on Highway 83 (marketing) - **October 14, 2026** LOI deadline --- ## Lease-Up Proof Still Sells in Soft Rate Years Spare Feet's October 2026 offering is a market-trend signal: developers will still bring Class A tertiary assets to market when they can show **nine- to twelve-month** stabilization history on prior phases, even while national advertised rents slide. The buyer who wins Abilene is not betting on a macro rip higher in Q4 2026. They are betting Phase III repeats Phases I and II on a **Sam's Club** corner with **$110,000+** household incomes. National averages tell you rates are down. Windmill Circle tells you localized demand can still absorb another **43,350 square feet** if you price and market it like institutional product. --- ## Sources - [Opportunity to Acquire Prime Class A Self-Storage Asset in Abilene, Texas; Call for Offers Due Oct. 14, 2026](https://www.prnewswire.com/news-releases/opportunity-to-acquire-prime-class-a-self-storage-asset-in-abilene-texas-call-for-offers-due-oct-14-2026-302897230.html), PR Newswire, October 5, 2026 ## Frequently Asked Questions ### When are offers due on Spare Feet Self Storage in Abilene? Self Storage Realty Advisors set an October 14, 2026 deadline for letters of intent on Spare Feet at 18 Windmill Circle in Abilene, Texas, per an October 5, 2026 PR Newswire release. LOIs should outline purchase price, diligence timeline, closing period, and earnest money. ### How large is the Spare Feet Self Storage facility in Abilene? Marketing materials cite 148,240 net rentable square feet across three construction phases. Phase III, delivered May 2026, added 43,350 net rentable square feet split between 27,925 square feet of climate-controlled space and 15,425 square feet of drive-up space. ### What occupancy did Spare Feet achieve before Phase III? The October 5, 2026 offering claims 94% occupancy prior to Phase III completion. After adding Phase III inventory, overall occupancy is approximately 65%, reflecting fresh supply rather than weak demand, per broker marketing. ### What rents does Spare Feet charge in Abilene? Broker materials list climate-controlled rents at $1.43 per square foot and drive-up rents at $0.82 per square foot, with rates described as outperforming nearby competitors. Buyers should verify in diligence; marketing rents are not closing statements. ### Who is selling Spare Feet Self Storage? Self Storage Realty Advisors LLC, led by Eric Kaplan, marketed the offering in cooperation with United Properties Group, which developed self-storage assets for more than 40 years. Contact emails in the release point to SSRA and UPG brokerage teams. --- Cite as: David Cartolano, "Spare Feet Self Storage in Abilene, Texas, Hit 94% Occupancy Before Phase III and Is on the Market October 2026," YourCAIO.co, 2026-10-06, https://www.yourcaio.co/news/spare-feet-abilene-phase-three-marketing-october-2026