Investment Overview

Extra Space Storage (Managed) is a 560-unit, 72,333 net rentable square foot Class-A+, institutional quality self-storage facility situated on approximately 1.80 acres in Sugar Land, TX. Opened in April 2025, the property has already reached 91 percent physical occupancy in just 16 months. The facility offers a full suite of modern, institutional amenities including a professionally designed manager’s office and showroom, extensive video surveillance coverage, multiple personalized keypad access points, and several elevators providing convenient access throughout the building. Located in Sugar Land, one of Greater Houston’s most affluent and fastest-growing communities, the property benefits from median household incomes exceeding $130,000 and a dense, expanding population base. Nearly 84,000 residents live within three miles of the facility, reflecting more than 12 percent growth over the past decade with another 12 percent projected in the next five years. The site sits roughly 400 feet south of US Highway 90 ALT, a major corridor carrying approximately 57,000 vehicles per day, providing strong visibility and consistent traffic exposure. Extra Space Storage (Managed) offers investors the opportunity to acquire a newly built, rapidly stabilizing asset in one of Greater Houston’s premier submarkets and further optimize performance. The facility is positioned to benefit from strong rental rate momentum supported by significant barriers to entry in Sugar Land, where very few commercially zoned parcels remain. The seller required 3.5 years to navigate the development process, and the last self-storage facility built prior to this project opened in 2020—the only new construction in more than two decades—underscoring the rarity and long-term competitive advantage of this offering.