Self-Storage Facility
HP Storage
6140 North Sam Houston Pkwy W, Houston, TX 77066
Listing Price: $6,500,000
Investment Overview
HP is a 314-unit, 59,935 net rentable square foot self-storage facility located in Houston, Texas. The property is on approximately 4.53 acres with five metal framed single-story buildings and one three-story building. The unit mix consists of traditional climate control units on the first and second floor of the multi-story building and flex office/storage units on the third story. The ground floor also contains six flex retail/office spaces. There are 90 drive-up non-climate storage units and 17 container storage units along with covered and uncovered parking. The facility was originally built in 2016, and a second phase was added in 2019. The facility has many amenities including but not limited to a loading dock, digital keypad entry, roll up doors, asphalt and concrete driveways, an elevator and perimeter wrought iron fencing.
HP Storage benefits from its high visibility location sandwiched between the intersection of the Sam Houston Tollway (Beltway 8) and State Highway 249 where combined daily traffic counts are over 150,000. The average household income is over $80,000 and home to a growing population that is currently 96,000 people within a three-mile radius of the property. The facility sits anywhere between two and five feet above grade, hasn’t flooded and is adjacent to the Harris County Flood Control Detention Area.
The facility has maintained a physical occupancy of over 90 percent for over a year despite not employing modern marketing techniques such as online advertising. In addition to not having a website, the property isn’t run with storage management software, and the owner self-manages the facility remotely. Not surprisingly, rental rates are approximately 30 percent below market. Furthermore, the owner doesn’t charge admin fees or capitalize on other ancillary revenue streams such as tenant insurance or merchandise.
HP Storage
Investment Highlights
- SITUATED NEAR THE CORNER OF TWO FREEWAYS // Frontage on Sam Houston Tollway (Beltway 8) with visibility from State Highway 249 provides a combined traffic count of around 150,000.
- 2016 & 2019 HEAVY DUTY STEEL CONSTRUCTION // 59,935 NRSF that consists of climate control, non-climate drive up, flex retail/office/storage units and parking spaces.
- HIGH OCCUPANCY DESPITE NUMEROUS MANAGEMENT INEFFICIENCIES // The property is self-managed by the owner on an unmanned basis and has been 90 percent occupied for over a year.
- NO FLOODING HISTORY // The facility sits next to the Harris County Flood Control District Detention Area and is between two and five feet above ground level.
- ECONOMICAL UTILITY ADVANTAGES // The facility is on a well and septic system. In addition to lower monthly utility bills, the property isn't in a Municipal Utility District (MUD) which provides property tax savings.
Listing Price: $6,500,000
Investment Highlights
- SITUATED NEAR THE CORNER OF TWO FREEWAYS // Frontage on Sam Houston Tollway (Beltway 8) with visibility from State Highway 249 provides a combined traffic count of around 150,000.
- 2016 & 2019 HEAVY DUTY STEEL CONSTRUCTION // 59,935 NRSF that consists of climate control, non-climate drive up, flex retail/office/storage units and parking spaces.
- HIGH OCCUPANCY DESPITE NUMEROUS MANAGEMENT INEFFICIENCIES // The property is self-managed by the owner on an unmanned basis and has been 90 percent occupied for over a year.
- NO FLOODING HISTORY // The facility sits next to the Harris County Flood Control District Detention Area and is between two and five feet above ground level.
- ECONOMICAL UTILITY ADVANTAGES // The facility is on a well and septic system. In addition to lower monthly utility bills, the property isn't in a Municipal Utility District (MUD) which provides property tax savings.
Investment Overview
HP is a 314-unit, 59,935 net rentable square foot self-storage facility located in Houston, Texas. The property is on approximately 4.53 acres with five metal framed single-story buildings and one three-story building. The unit mix consists of traditional climate control units on the first and second floor of the multi-story building and flex office/storage units on the third story. The ground floor also contains six flex retail/office spaces. There are 90 drive-up non-climate storage units and 17 container storage units along with covered and uncovered parking. The facility was originally built in 2016, and a second phase was added in 2019. The facility has many amenities including but not limited to a loading dock, digital keypad entry, roll up doors, asphalt and concrete driveways, an elevator and perimeter wrought iron fencing. HP Storage benefits from its high visibility location sandwiched between the intersection of the Sam Houston Tollway (Beltway 8) and State Highway 249 where combined daily traffic counts are over 150,000. The average household income is over $80,000 and home to a growing population that is currently 96,000 people within a three-mile radius of the property. The facility sits anywhere between two and five feet above grade, hasn’t flooded and is adjacent to the Harris County Flood Control Detention Area. The facility has maintained a physical occupancy of over 90 percent for over a year despite not employing modern marketing techniques such as online advertising. In addition to not having a website, the property isn’t run with storage management software, and the owner self-manages the facility remotely. Not surprisingly, rental rates are approximately 30 percent below market. Furthermore, the owner doesn’t charge admin fees or capitalize on other ancillary revenue streams such as tenant insurance or merchandise.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
