AA Storage at Ruland Road – Houston, Texas

Property Location

9021 & 9025 Ruland Road
Houston TX 77055

overview video

investment highlights

  • THREE-MILE POPULATION +/- 150,000 // Projected to increase to over 4.5 percent in the next four years.
  • SIGNIFICANT RECENT CAPEX // Numerous capital improvements have been completed since 2017.
  • SPRING VALLEY VILLAGE // $112,538 Three-Mile Average Household Income
  • 49,539 NRSF – 271 UNITS
  • INNER WEST HOUSTON LOCATION // Ten miles from downtown, five miles from the Galleria, two miles from Memorial City, three miles from City Centre.

property summary

AA Storage at Ruland Road is a 49,539 net rentable square foot self-storage facility located in the Spring Valley Village area of Houston, Texas which is an affluent suburb less than ten miles west of downtown. The property is on approximately 2.3 acres with five metal framed single story buildings consisting of 112 climate control units, 143 drive-up non-climate storage units, and seven office spaces. The facility was originally built in 1971 but has gone through various renovations over the years. A vast assortment of upgrades throughout the property have been made since ownership purchased the property in 2017. The facility has many amenities including but not limited to roll up doors, concrete driveways, and a full-service on-site manager’s office.

Spring Valley Village is in a cluster of six independent cities (Spring Valley, Bunker Hill, Hedwig, Hilshire, Hunters Creek, and Piney Point) that make up the Memorial Villages. The convenience to Interstate 10 in between Loop 610 and Beltway 8 (Houston’s inner loop and middle loop respectively) makes the area ideal for both urban convenience and suburban comforts. AA Storage at Ruland Road benefits from its high demographic setting. The average household income is over $112,000 and home to around 150,000 people within a three-mile radius of the property. The population is expected to increase by close to 4.5 percent by 2026. The facility is close to the intersection of Campbell Road and Long Point drive in the heart of the Spring Branch area and the proximity to these main thoroughfares allows AA Storage at Ruland Road to draw tenants from both Spring Branch and Memorial areas. The facility is two miles from Memorial City, three miles from City Centre, and five miles from the Houston Galleria which are three of the most popular shopping destinations in Greater Houston.

The investment offers a purchaser the opportunity to own a stable self-storage facility that has undergone significant physical upgrades in recent years in the heart of one of Houston’s most highly sought after residential area’s. The facility had enjoyed over 95 percent occupancy before a fire in July of 2021 knocked 61 storage units and three office spaces that were all occupied offline. The repair work has been completed and the units are starting to re-lease. By continuing to reduce physical vacancy, limiting concessions, and managing rents upward an investor could see an end of year one unlevered return north of 6.5 percent.

Broker Information

Dave Knobler

Senior Vice President

Phone: 713.452.4293
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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