Skip to main content

Self-Storage Facility

Devon Self Storage (Managed)

25528 Aldine Westfield Rd, Spring, TX 77373

Listing Price: $12,000,000

Cap Rate
5.38%
Number of Units
664
Occupancy
12.8%
Gross SF
80,188
Rentable SF
80,188
Price/Rentable SF
$149.65
Year Built
2005

Investment Overview

Devon Self Storage (Managed) is an 80,188 net rentable square foot self-storage facility located in Spring, Texas which is a northern suburb of Houston. The property sits on 5.96 acres of land and has nine single-story buildings. There are 664 units composed of 270 climate control units (25,726 net rentable square feet) and 320 non-climate units (54,462 net rentable square feet). There are also 68 parking spaces and one retail space. The property has many different amenities including, but not limited to a gated entry with a digital keypad, a two-bedroom residence, video surveillance, and concrete driveways. Additionally, a full service on-site management office also serves as the hub for an onsite postal center. The income from the postal center supplements the bottom line by about $1,250 per month and also serves as marketing tool by attracting potential storage customers to the store who may have only had reason to visit the location to satisfy their postage/shipping needs.

Investment Highlights

  • Solid Demographics // Average Household Income $112,872 | Three-Mile Population 79,561 The population is projected to grow 12.75 percent by 2027.
  • 80,188 NRSF // Outdoor Parking Could Be Used For Expansion Plus 6,000 SQFT of Covered Parking (Approximately 3/4 Of An Acre)
  • Strong Physical Occupancy // Long History of High Occupancy

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Self-Storage Facility

Devon Self Storage (Managed)

Listing Price: $12,000,000

Cap Rate
5.38%
Number of Units
664
Occupancy
12.8%
Gross SF
80,188
Rentable SF
80,188
Price/Rentable SF
$149.65
Year Built
2005

Investment Highlights

  • Solid Demographics // Average Household Income $112,872 | Three-Mile Population 79,561 The population is projected to grow 12.75 percent by 2027.
  • 80,188 NRSF // Outdoor Parking Could Be Used For Expansion Plus 6,000 SQFT of Covered Parking (Approximately 3/4 Of An Acre)
  • Strong Physical Occupancy // Long History of High Occupancy

Investment Overview

Devon Self Storage (Managed) is an 80,188 net rentable square foot self-storage facility located in Spring, Texas which is a northern suburb of Houston. The property sits on 5.96 acres of land and has nine single-story buildings. There are 664 units composed of 270 climate control units (25,726 net rentable square feet) and 320 non-climate units (54,462 net rentable square feet). There are also 68 parking spaces and one retail space. The property has many different amenities including, but not limited to a gated entry with a digital keypad, a two-bedroom residence, video surveillance, and concrete driveways. Additionally, a full service on-site management office also serves as the hub for an onsite postal center. The income from the postal center supplements the bottom line by about $1,250 per month and also serves as marketing tool by attracting potential storage customers to the store who may have only had reason to visit the location to satisfy their postage/shipping needs.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower