Self-Storage Facility
Devon (Managed) 4 Property Houston Portfolio
1918 Gessner Rd, Houston, TX 77080
Listing Price: Request For Offer
Investment Overview
All assets are located in
some of Houston’s most populated residential corridors, surrounded by a
strong mix of single family neighborhoods and multifamily communities
that drive durable storage demand. The Gessner facility serves the
affluent Spring Branch submarket with three-mile household incomes
around $112K, while the West 43rd Street location anchors the gateway
to Oak Forest, supported by incomes of approximately $86K. Each
property benefits from exceptional population density within its trade
area (212,104 on Bissonnet; 118,002 on Veterans Memorial; 127,924 on
Gessner; 145,910 on West 43rd).
All four facilities
are professionally maintained and feature durable concrete drive aisles,
roll-up unit doors, digital keypad controlled access, comprehensive
video surveillance, and full service onsite management offices with
accompanying manager residences. The portfolio is primarily composed
of drive-up, non climate units with supplemental outdoor parking at each
location, while the Gessner property adds meaningful diversification with
approximately 35,000 NRSF of enclosed Boat/RV storage.
Devon (Managed) 4 Property Houston Portfolio
Investment Highlights
- UPSIDE POTENTIAL // Current asking rents and in place achieved rates remain below the competitive set, creating a clear opportunity to capture additional revenue through continued rate optimization.
- STRATEGIC SCALE // This portfolio offers a compelling opportunity to establish immediate scale within the Houston MSA or seamlessly expand an existing regional footprint.
- HIGHLY VISIBLE LOCATIONS // All facilities are positioned along major retail-oriented thoroughfares with exceptional daily traffic, providing strong visibility and consistent drive by exposure.
Self-Storage Facility
Devon (Managed) 4 Property Houston Portfolio
Listing Price: Request For Offer
Investment Highlights
- UPSIDE POTENTIAL // Current asking rents and in place achieved rates remain below the competitive set, creating a clear opportunity to capture additional revenue through continued rate optimization.
- STRATEGIC SCALE // This portfolio offers a compelling opportunity to establish immediate scale within the Houston MSA or seamlessly expand an existing regional footprint.
- HIGHLY VISIBLE LOCATIONS // All facilities are positioned along major retail-oriented thoroughfares with exceptional daily traffic, providing strong visibility and consistent drive by exposure.
Investment Overview
All assets are located in some of Houston’s most populated residential corridors, surrounded by a strong mix of single family neighborhoods and multifamily communities that drive durable storage demand. The Gessner facility serves the affluent Spring Branch submarket with three-mile household incomes around $112K, while the West 43rd Street location anchors the gateway to Oak Forest, supported by incomes of approximately $86K. Each property benefits from exceptional population density within its trade area (212,104 on Bissonnet; 118,002 on Veterans Memorial; 127,924 on Gessner; 145,910 on West 43rd). All four facilities are professionally maintained and feature durable concrete drive aisles, roll-up unit doors, digital keypad controlled access, comprehensive video surveillance, and full service onsite management offices with accompanying manager residences. The portfolio is primarily composed of drive-up, non climate units with supplemental outdoor parking at each location, while the Gessner property adds meaningful diversification with approximately 35,000 NRSF of enclosed Boat/RV storage.
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