Self-Storage Facility
Jumbo Storage
4931 Allen-Genoa Rd, Pasadena, TX 77504
Listing Price: $1,870,000
Investment Overview
Jumbo Storage is a 193-unit, 38,000 net rentable square foot storage facility situated on approximately 3.02 acres in Pasadena, Texas, a highly populated city on the southeast side of the Greater Houston area. The property is composed of 149 non-climate storage units and 44 outdoor parking spaces. The property has amenities such as a security gate with key code access, security lighting, and video surveillance.
The property sits inside the beltway in a busy area of Greater Houston with over 112,000 residents in a three-mile radius and over 313,000 people live within five miles of the property. Jumbo Storage provides visibility fronting on Allen-Genoa Road with daily traffic counts of over 6,000. The facility benefits from exceptional regional connectivity approximately two miles from the intersection of the Sam Houston Tollway and the Gulf Freeway and less than a mile from State Highway 3. The facility is in an ideal location for commercial tenants who need access to major freeways to get into Houston’s urban core.
Ownership has completed a dozen CAPEX projects over the past 18 months, (full list on page 10 of the OM). There was quite a bit of disruption during the repair work, but the result is that the facility is now poised to begin seeing a meaningful increase in revenue growth. There is upside in continuing to raise occupancy and rental rates along with collecting tenant insurance which was recently implemented while still achieving an in-place cap rate of close to six percent.
As of August 31st, 2025, Jumbo Storage is approximately 89 percent physically occupied.
Jumbo Storage
Investment Highlights
- CONVENIENT SOUTHEAST HOUSTON LOCATION PROVIDES EASY ACCESS TO MAJOR FREEWAYS AND HOUSTON'S URBAN CORE // Traffic counts on Allen-Genoa Road of over 6,000.
- DENSELY POPULATED AREA // There are over 112,000 people living within three miles of Jumbo Storage with a five-mile population that exceeds 313,000.
- NUMEROUS CAPEX PROJECTS COMPLETED OVER THE PAST 18 MONTHS // From roof upgrades to resolving drainage issues, the facility has undergone extensive upgrades.
- 89 PERCENT PHYSICAL OCCUPANCY // 5.91 percent in-place cap rate with upside in raising rents and occupancy and capitalizing on a tenant insurance program that was recently implemented.
Listing Price: $1,870,000
Investment Highlights
- CONVENIENT SOUTHEAST HOUSTON LOCATION PROVIDES EASY ACCESS TO MAJOR FREEWAYS AND HOUSTON'S URBAN CORE // Traffic counts on Allen-Genoa Road of over 6,000.
- DENSELY POPULATED AREA // There are over 112,000 people living within three miles of Jumbo Storage with a five-mile population that exceeds 313,000.
- NUMEROUS CAPEX PROJECTS COMPLETED OVER THE PAST 18 MONTHS // From roof upgrades to resolving drainage issues, the facility has undergone extensive upgrades.
- 89 PERCENT PHYSICAL OCCUPANCY // 5.91 percent in-place cap rate with upside in raising rents and occupancy and capitalizing on a tenant insurance program that was recently implemented.
Investment Overview
Jumbo Storage is a 193-unit, 38,000 net rentable square foot storage facility situated on approximately 3.02 acres in Pasadena, Texas, a highly populated city on the southeast side of the Greater Houston area. The property is composed of 149 non-climate storage units and 44 outdoor parking spaces. The property has amenities such as a security gate with key code access, security lighting, and video surveillance. The property sits inside the beltway in a busy area of Greater Houston with over 112,000 residents in a three-mile radius and over 313,000 people live within five miles of the property. Jumbo Storage provides visibility fronting on Allen-Genoa Road with daily traffic counts of over 6,000. The facility benefits from exceptional regional connectivity approximately two miles from the intersection of the Sam Houston Tollway and the Gulf Freeway and less than a mile from State Highway 3. The facility is in an ideal location for commercial tenants who need access to major freeways to get into Houston’s urban core. Ownership has completed a dozen CAPEX projects over the past 18 months, (full list on page 10 of the OM). There was quite a bit of disruption during the repair work, but the result is that the facility is now poised to begin seeing a meaningful increase in revenue growth. There is upside in continuing to raise occupancy and rental rates along with collecting tenant insurance which was recently implemented while still achieving an in-place cap rate of close to six percent. As of August 31st, 2025, Jumbo Storage is approximately 89 percent physically occupied.
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