Nations Storage

Property Title

22300 Highway 249
Houston, TX 77070

overview video

investment highlights

  • Great Freeway Visibility – Over 560’ of Frontage on State Highway 249 – 150,000 Traffic Counts
  • Population Projected to Increase by Nine Percent by 2023
  • Family Owned and Operated – Upside in Occupancy and Rents With Professional Management
  • Near Numerous Major Retailers, Hospitals, Offices, and Other Prominent Economic Drivers
  • Three Quarter Acres of Expansion Land Included
  • High Demographic Suburb – $93,131 Median Household Income

property summary

Nations Storage is a 64,280 net rentable square foot self-storage facility located in northwest Houston, Texas. The property sits on 4.41 acres of land and has five single story buildings. Out of the 4.41 acres, three quarters of an acre is available for expansion. There are a total of 516 units composed of 271 climate-controlled units (34,180 net rentable square feet), 192 non-climate units (30,100 net rentable square feet), 52 parking spaces and a conference room available for rent.

The property has many different amenities including, but not limited to a gated entry with a digital keypad, a full service on-site management office, video surveillance throughout the property, concrete driveways and units with roll up doors.

Nations Storage sits in a densely populated and growing area of Houston and has over 110,000 people living within a three mile radius of the facility. Population is expected to grow over nine percent in a three mile radius of the property in the next five years. The property is located on State Highway 249 and has over 550 feet of frontage. With around 150,000 cars traveling in front of the property daily, Nations Storage is located on one of the busiest thoroughfares in the Greater Houston Area.

This investment offers the opportunity to acquire an independently operated and under-market rent facility in a growing Houston submarket. Professional management can greatly improve the property’s performance and internet presence. Further upside could come from expanding on the extra acreage that is currently being used for outdoor parking.

The subject property is positioned in a highly dense retail corridor consisting of shopping centers with national and local tenants, medical facilities and hotels. H-E-B, Sprouts, Target, Kohl’s, The Home Depot, and Whole Foods are just a handful of the prominent retailers with a presence in this growing area. The area is surrounded by established single-family home neighborhoods with a median household income of $93,131 within the three mile radius of the property. State Highway 249 has transformed this area of Houston into one of its highest traffic areas, and with the expansion of 249 into the Bryan-College Station area estimated to be completed in 2019, the economic growth isn’t expected to slow down.

As of May 1st, 2018, economic occupancy is at 73 percent.

Broker Information

Dave Knobler

First Vice President

Phone: 713.452.4200
Email: dknobler@marcusmillichap.com
License: TX 606252

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

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