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Self-Storage Facility

Greater Houston 5 Property Storage Portfolio

1211 FM359, Brookshire, TX 77423

Listing Price: $16,900,000

Cap Rate
6.42%
Number of Units
1,042
Occupancy
94.3%
Gross SF
148,745
Rentable SF
148,745
Price/Rentable SF
$113.62
Year Built
1994

Investment Overview

The Greater Houston 5 Storage portfolio is a five-property portfolio located between Brookshire, Pattison, Waller and Hockley, TX
that totals 148,745 net rentable square feet and 1,042 units. The properties are along the western and northwestern edge of the
Houston MSA, approximately 40 miles from Downtown Houston. Royal Storage of Brookshire has 42,945 NRSF, 347 units and sits
on approximately five acres while three miles to the north the 151 unit, 19,575 NRSF Royal Storage of Pattison operates as a
satellite facility. Both Royal Storage of Brookshire (~2.32 undeveloped acres) and Royal Storage of Pattison (~2.36 undeveloped
acres) have expansion land included in the opportunity. Similarly on the northwest side of the Greater Houston Area, Waller
Storage Center (46,875 NRSF, 371 Units, ~0.803 undeveloped acres) acts as the hub facility for Waller Boat and RV Storage
(26,400 NRSF, 60 Units, 3.58 undeveloped acres) and Hockley Storage Center (12,950 NRSF, 113 Units, ~2.96 undeveloped acres).
The blended value of the expansion land was appraised at $1,800,000 (approximately $3.50 per foot).

Investment Highlights

  • STRATEGIC EXPANSION POTENTIAL WITH LIMITED NEARBY COMPETITION // There is approximately 12.03 acres of expansion land included in this opportunity.
  • TREMENDOUS GROWTH STORY // Over 20 residential communities are in some phase of development within the trade area of the portfolio.
  • MASSIVE CORPORATE GROWTH // Companies such as Tesla, HEB, and Daikin Industries have operations within the portfolio trade area.
  • SELF-MANAGED OUT OF AREA OWNERSHIP // The portfolio has been over 94 percent physically occupied for several years and is currently 89 percent economically occupied. The owner just began selling tenant insurance in 2025.
  • 1,042 UNITS - 148,745 NRSF // The unit mix consists of 675 non-climate units, 205 climate-controlled units, 156 outdoor parking spaces, two apartments, two office warehouse spaces, one covered parking space, and one mobile home. The facilities are all fully fenced with security features throughout the portfolio that include automatic gates with key code access, and surveillance cameras.

Exclusively Listed By

Financing By

Self-Storage Facility

Greater Houston 5 Property Storage Portfolio

Listing Price: $16,900,000

Cap Rate
6.42%
Number of Units
1,042
Occupancy
94.3%
Gross SF
148,745
Rentable SF
148,745
Price/Rentable SF
$113.62
Year Built
1994

Investment Highlights

  • STRATEGIC EXPANSION POTENTIAL WITH LIMITED NEARBY COMPETITION // There is approximately 12.03 acres of expansion land included in this opportunity.
  • TREMENDOUS GROWTH STORY // Over 20 residential communities are in some phase of development within the trade area of the portfolio.
  • MASSIVE CORPORATE GROWTH // Companies such as Tesla, HEB, and Daikin Industries have operations within the portfolio trade area.
  • SELF-MANAGED OUT OF AREA OWNERSHIP // The portfolio has been over 94 percent physically occupied for several years and is currently 89 percent economically occupied. The owner just began selling tenant insurance in 2025.
  • 1,042 UNITS - 148,745 NRSF // The unit mix consists of 675 non-climate units, 205 climate-controlled units, 156 outdoor parking spaces, two apartments, two office warehouse spaces, one covered parking space, and one mobile home. The facilities are all fully fenced with security features throughout the portfolio that include automatic gates with key code access, and surveillance cameras.

Investment Overview

The Greater Houston 5 Storage portfolio is a five-property portfolio located between Brookshire, Pattison, Waller and Hockley, TX that totals 148,745 net rentable square feet and 1,042 units. The properties are along the western and northwestern edge of the Houston MSA, approximately 40 miles from Downtown Houston. Royal Storage of Brookshire has 42,945 NRSF, 347 units and sits on approximately five acres while three miles to the north the 151 unit, 19,575 NRSF Royal Storage of Pattison operates as a satellite facility. Both Royal Storage of Brookshire (~2.32 undeveloped acres) and Royal Storage of Pattison (~2.36 undeveloped acres) have expansion land included in the opportunity. Similarly on the northwest side of the Greater Houston Area, Waller Storage Center (46,875 NRSF, 371 Units, ~0.803 undeveloped acres) acts as the hub facility for Waller Boat and RV Storage (26,400 NRSF, 60 Units, 3.58 undeveloped acres) and Hockley Storage Center (12,950 NRSF, 113 Units, ~2.96 undeveloped acres). The blended value of the expansion land was appraised at $1,800,000 (approximately $3.50 per foot).

Exclusively Listed By

Financing By

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