Skip to main content

Self-Storage Facility

Huffman 2100 Storage

23000 FM 2100, Huffman, TX 77336

Listing Price: $6,900,000

Cap Rate
7.06%
Number of Units
451
Occupancy
80.0%
Gross SF
48,550
Rentable SF
48,550
Price/Rentable SF
$142.12
Year Built
2017

Investment Overview

Huffman 2100 Storage is a 48,550 net rentable square foot self-storage facility located in Huffman, Texas, a growing northeast Houston area suburb. The property sits on approximately four acres of land and has six single-story self-storage buildings. Huffman 2100 Storage was initially constructed in 2018, and two buildings (approximately 35 percent of the square total footage) have been built since October of 2023 including the last building that was completed in June 2024. There are a total of 451 units (264 climate-controlled | 32,150 net rentable square feet and 172 non-climate units | 16,400 net rentable square feet) and 15 outdoor parking spots that comprise the unit mix.

The property has an attractive metal façade along with many amenities commonly found in Class A self-storage facilities. The facility is metal framed and includes metal roll up doors and metal roofs. The interior walls contain two inches of spray foam, enhancing insulation. There is a gated entry with a digital keypad, a spacious full-service on-site management office, 24/7 video surveillance throughout the facility, concrete driveways, and units with roll-up doors.

Huffman 2100 Storage fronts on FM 2100 in a growing area of northeast Houston near the intersection of FM 1960. The facility sits in a trade area with an average household income of close to $88,000 and sees nearly 16,000 vehicles pass by daily on FM 2100. FM 1960 is the only bridge that crosses Lake Houston in an east/west direction and connects Huffman to prominent well to do suburbs such as Humble, Atascocita, and Kingwood. It’s not just the more established areas but the Crosby-Huffman area is growing as well. Approximately five miles to the south of Huffman 2100 Storage, D.R. Horton has been building homes at its Newport Pointe development since 2023 and Centex Homes has broken ground and is about to begin construction on its newest development, Crosby Farms. Huffman 2100 Storage offers an investor the opportunity to acquire a class A self-storage asset with a significant new construction component in a growing area of Houston. By achieving an economic occupancy of 80 percent and maintaining typical ancillary revenue streams, an investor could expect to see over a seven percent unlevered yield within 24 months.

Investment Highlights

  • NEW CLASS A ASSET // The property was initially built in 2018 but 35 percent of the facility has been constructed since October of 2023.
  • SOLID DEMOGRAPHICS // The average household income in the trade area is approximately $88,000.
  • BUSY LOCATION NEAR THE INTERSECTION OF TWO MAJOR ARTERIES // Traffic counts are around 16,000 vehicles per day on FM 2100. The facility sits about one mile south of FM 1960.
  • NEARBY ECONOMIC DRIVERS // George Bush IAH, Lake Houston, Northeast FM 1960 Corridor
  • 451 UNITS | 48,550 NRSF // End of year 2 Cap Rate north of 7 percent at 80 percent economic occupancy.
  • GROWING AREA OF NORTHEAST HOUSTON // Two new residential developments are underway approximately five miles south. The facility is also close to established suburbs such as Humble, Kingwood, and Atascocita.

Exclusively Listed By

Self-Storage Facility

Huffman 2100 Storage

Listing Price: $6,900,000

Cap Rate
7.06%
Number of Units
451
Occupancy
80.0%
Gross SF
48,550
Rentable SF
48,550
Price/Rentable SF
$142.12
Year Built
2017

Investment Highlights

  • NEW CLASS A ASSET // The property was initially built in 2018 but 35 percent of the facility has been constructed since October of 2023.
  • SOLID DEMOGRAPHICS // The average household income in the trade area is approximately $88,000.
  • BUSY LOCATION NEAR THE INTERSECTION OF TWO MAJOR ARTERIES // Traffic counts are around 16,000 vehicles per day on FM 2100. The facility sits about one mile south of FM 1960.
  • NEARBY ECONOMIC DRIVERS // George Bush IAH, Lake Houston, Northeast FM 1960 Corridor
  • 451 UNITS | 48,550 NRSF // End of year 2 Cap Rate north of 7 percent at 80 percent economic occupancy.
  • GROWING AREA OF NORTHEAST HOUSTON // Two new residential developments are underway approximately five miles south. The facility is also close to established suburbs such as Humble, Kingwood, and Atascocita.

Investment Overview

Huffman 2100 Storage is a 48,550 net rentable square foot self-storage facility located in Huffman, Texas, a growing northeast Houston area suburb. The property sits on approximately four acres of land and has six single-story self-storage buildings. Huffman 2100 Storage was initially constructed in 2018, and two buildings (approximately 35 percent of the square total footage) have been built since October of 2023 including the last building that was completed in June 2024. There are a total of 451 units (264 climate-controlled | 32,150 net rentable square feet and 172 non-climate units | 16,400 net rentable square feet) and 15 outdoor parking spots that comprise the unit mix. The property has an attractive metal façade along with many amenities commonly found in Class A self-storage facilities. The facility is metal framed and includes metal roll up doors and metal roofs. The interior walls contain two inches of spray foam, enhancing insulation. There is a gated entry with a digital keypad, a spacious full-service on-site management office, 24/7 video surveillance throughout the facility, concrete driveways, and units with roll-up doors. Huffman 2100 Storage fronts on FM 2100 in a growing area of northeast Houston near the intersection of FM 1960. The facility sits in a trade area with an average household income of close to $88,000 and sees nearly 16,000 vehicles pass by daily on FM 2100. FM 1960 is the only bridge that crosses Lake Houston in an east/west direction and connects Huffman to prominent well to do suburbs such as Humble, Atascocita, and Kingwood. It’s not just the more established areas but the Crosby-Huffman area is growing as well. Approximately five miles to the south of Huffman 2100 Storage, D.R. Horton has been building homes at its Newport Pointe development since 2023 and Centex Homes has broken ground and is about to begin construction on its newest development, Crosby Farms. Huffman 2100 Storage offers an investor the opportunity to acquire a class A self-storage asset with a significant new construction component in a growing area of Houston. By achieving an economic occupancy of 80 percent and maintaining typical ancillary revenue streams, an investor could expect to see over a seven percent unlevered yield within 24 months.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower