Marcus & Millichap Arranges Sale of Freeway-Fronting Self-Storage Asset in Houston, Texas

HOUSTON, May 1,2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of HP Storage, a 59,935-square-foot self-storage property in Houston, Texas. 

“It’s not often you see a multistory self-storage facility on a major freeway in Houston that has been managed by a single individual, essentially off a cell phone,” said Dave Knobler, senior managing director investments. “That kind of undermanagement, combined with a prime location, is exactly what’s driving investor interest today, even as the broader market remains mixed, with some properties struggling to trade.”

Knobler, Charles LeClaire, Mixson Staffel and Adam Schlosser, investment specialists in Marcus & Millichap’s Houston and Denver offices, exclusively marketed the property on behalf of the seller, a Texas-based company and the original developer, and procured the buyer, a New York-based LLC.

The property, located on 6140 North Sam Houston Parkway, includes 314 units across five single-story buildings and one three-story building on approximately 4.53 acres. The unit mix consists of climate-controlled units, drive-up storage, container storage and flex office and retail spaces. Built in 2016, with an expansion completed in 2019, the facility features a loading dock, digital keypad entry, roll-up doors, elevator and perimeter fencing. The property has been rebranded and is now managed by CubeSmart.