Self-Storage Facility
Heights Mini Storage - Redevelopment Opportunity
100 Louise St, Houston, TX 77009
Listing Price: Request For Offer
Investment Overview
Heights Mini Storage Redevelopment Opportunity is a 1.82 acre property that lies within the City of Houston approximately 3 miles north of downtown. The property has access to City utilities, 313’ of width and 292’ of depth. This site lies within a quickly growing submarket of Houston that has seen numerous class A multifamily deliveries, upscale retail developments/redevelopments and housing redevelopment commensurate with a growth in strong demographics for the area. The site has close proximity to I-45 access, has support from numerous grocers and is in immediate proximity to the new Airline Market located on Airline Drive. The property is also walking distance to the Cavalcade stop on the Metro Red Line light rail station. Strong real estate fundamentals in the area lead this site to be a great location for redevelopment to support the growing Houston metroplex.
Currently, Heights Mini Storage Redevelopment Opportunity is a 27,214 net rentable square foot self-storage facility. There are seven single story concrete block framed buildings consisting of 175 drive-up non-climate storage units and 6 outdoor parking spaces. The facility was constructed in 1970 and has garage style roll up doors, asphalt driveways, perimeter chain link fencing and an automatic entrance gate with digital keypad access. There is also an onsite management office and residence.
A potential strategy would be to operate the storage facility with third party professional management while waiting to develop a new asset. Ownership has been quite lax on maximizing operations, doesn’t have a true web presence or do any advertising and not surprisingly street rents are 50 percent to 2/3 of the rates that the market leaders are asking. By nudging asking rents 10 percent (still well below market norms) creating ancillary revenue streams such as a tenant protection program, and tightening concessions, an investor could start to realize double digit returns fairly early into the hold period.
Investment Highlights
- Heights Location - Approximately 3 Miles from Downtown Houston
- 1.82 Acres – 313' of width and 292' of depth - Access to City utilities
- 5/10 Mile from the Metro Red Line light rail station and convenient to I-45
- Huge Upside in continuing to operate the Property as a storage facility until finding the highest and best use.
- Strong Demographics – Over $100,000 Average Household Income and +/- 160,000 3 mile population.
- Numerous new retail and residential developments nearby.
Exclusively Listed By
Financing By
Self-Storage Facility
Heights Mini Storage - Redevelopment Opportunity
Listing Price: Request For Offer
Investment Highlights
- Heights Location - Approximately 3 Miles from Downtown Houston
- 1.82 Acres – 313' of width and 292' of depth - Access to City utilities
- 5/10 Mile from the Metro Red Line light rail station and convenient to I-45
- Huge Upside in continuing to operate the Property as a storage facility until finding the highest and best use.
- Strong Demographics – Over $100,000 Average Household Income and +/- 160,000 3 mile population.
- Numerous new retail and residential developments nearby.
Investment Overview
Heights Mini Storage Redevelopment Opportunity is a 1.82 acre property that lies within the City of Houston approximately 3 miles north of downtown. The property has access to City utilities, 313’ of width and 292’ of depth. This site lies within a quickly growing submarket of Houston that has seen numerous class A multifamily deliveries, upscale retail developments/redevelopments and housing redevelopment commensurate with a growth in strong demographics for the area. The site has close proximity to I-45 access, has support from numerous grocers and is in immediate proximity to the new Airline Market located on Airline Drive. The property is also walking distance to the Cavalcade stop on the Metro Red Line light rail station. Strong real estate fundamentals in the area lead this site to be a great location for redevelopment to support the growing Houston metroplex. Currently, Heights Mini Storage Redevelopment Opportunity is a 27,214 net rentable square foot self-storage facility. There are seven single story concrete block framed buildings consisting of 175 drive-up non-climate storage units and 6 outdoor parking spaces. The facility was constructed in 1970 and has garage style roll up doors, asphalt driveways, perimeter chain link fencing and an automatic entrance gate with digital keypad access. There is also an onsite management office and residence. A potential strategy would be to operate the storage facility with third party professional management while waiting to develop a new asset. Ownership has been quite lax on maximizing operations, doesn’t have a true web presence or do any advertising and not surprisingly street rents are 50 percent to 2/3 of the rates that the market leaders are asking. By nudging asking rents 10 percent (still well below market norms) creating ancillary revenue streams such as a tenant protection program, and tightening concessions, an investor could start to realize double digit returns fairly early into the hold period.
Exclusively Listed By
Financing By

