Cool Spaces Storage in Conroe, Texas

overview video

investment highlights

MASSIVE RESIDENTIAL DEMAND DRIVERS // The facility neighbors the 2,200-acre Artavia and 825-acre Mavera master planned communities. Upon buildout, these two communities will have around 8,200 homes along with mixed use and retail developments.
MONTGOMERY COUNTY // This county is the sixth fastest growing county in Texas.
2021 CONSTRUCTION // 71,520 NRSF and 307 Units
OVER 1,000 FEET OF FRONTAGE ON FM 242 // 13,722 Daily Traffic Counts
APPROXIMATELY FIVE ACRES OF SLAB-READY EXPANSION LAND INCLUDED // Eighty-one year old Seller has plans to construct four buildings.

property summary

Cool Spaces Storage is a 71,520 net rentable square foot self-storage facility located in Conroe, Texas, a growing north Houston area suburb. The property sits on approximately 12 acres of land and has eight single-story buildings. Cool Spaces Storage was built in 2021. There are a total of 33,600 NRSF of climate-controlled units, 2,500 feet of traditional non-climate mini-storage units, and 35,420 NRSF of larger fully enclosed units ideal for parking RV’s and boats. There are also 28 outdoor parking spots that comprise the unit mix.

The property has an attractive metal façade and numerous amenities. There is a gated entry with a digital keypad, a spacious full-service on-site management office, 24/7 video surveillance throughout the facility, and units with roll up doors.

Cool Spaces Storage has over 1,000 feet of frontage on FM 242 which connects Interstate 59/69 to Interstate 45 and sees nearly 14,000 vehicles pass by the facility daily. The property sits between FM 1314 and FM 1485, the two other primary thoroughfares in Montgomery County. The main driver for this area is two new master planned communities that are currently under construction. A couple miles west of Cool Spaces Storage is Artavia, which is slated to have 5,200 homes and Mavera, which will have over 3,000 homes when fully developed.

Cool Spaces Storage offers an investor the opportunity to acquire a relatively new construction self-storage asset with a significant expansion component in a growing area of Greater Houston. There are construction plans for four additional buildings on the approximate five acres of expansion land that is ready to pour slabs. The Seller who just celebrated his 81st birthday is the original developer and looking to scale back on his real estate holdings.

Broker Information

Dave Knobler

Senior Managing Director

Phone: 713.452.4293
Email: dknobler@marcusmillichap.com
License: TX 606252

Mixson Staffel

Investment Associate

Phone: 713.452.4247
Email: mstaffel@marcusmillichap.com
License: TX 748276

Charles "Chico" LeClaire

Executive Managing Director

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

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CONFIDENTIALITY AGREEMENT

THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by and between The LeClaire-Schlosser Group and Marcus & Millichap Real Estate Investment Services of Denver (“Broker”), exclusive listing broker for the Property, and “Buyer” regarding the property known as COOL SPACES STORAGE. The obligations of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owners.

BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. Much of the information to be provided is non-public, highly confidential and/or proprietary in nature (collectively “Information”) and is being disseminated only to those potential buyers who sign this agreement.

THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
1. Non-disclosure of Information: Buyer will not disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or Owner to any other person or entity except as permitted herein. If Buyer is a corporation, partnership, limited liability company, investment trust, or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who need to know the Information, and who are specifically aware of the Agreement and agree to be bound by it.
2. This Agreement applies to all Information about the Property received from Broker or Owner, now or in the future, which is not readily available to the general public. Buyer understands that all Information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner and Broker.
3. All Information shall be used for the sole purpose of evaluating the potential acquisition of the Property and shall not at any time or in any manner be used for any other purpose.
4. Buyer shall not contact directly any persons concerning the Property, other than Broker, without Broker’s or Owner’s written permission. Such persons include, without limitation, Owner’s employees, suppliers and tenants.
5. Buyer and Buyer’s Broker acknowledge there is no co-op fee being paid.
6. Neither Broker nor Owner make any representations or warranty, express or implied, as to the accuracy or completeness of any Information provided by them. Buyer assumes full and complete responsibility for confirmation and verification of all Information received and expressly waives all rights of recourse against Owner and Broker with respect to the same.
7. The persons signing on behalf of Buyer and Broker represent that they have the authority to bind the party for whom they sign.
8. This agreement shall be governed and construed in accordance with the laws of the State of Colorado.
9. Return of Documents: Upon review of Information provided, if Buyer no longer has an interest and does not wish to pursue negotiations leading to this acquisition, Buyer agrees to return in a timely fashion all Information provided in its original form to Charles D. LeClaire and/or Dave Knobler, if requested. Photocopying or other duplication is strictly prohibited.
10. In the event any party breaches its obligations under this Agreement, the prevailing party (parties), in any lawsuit brought to enforce the provisions of this Agreement, shall be entitled to reasonable attorney’s fees and costs in addition to all other remedies available to it.

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Contact The LeClaire-Schlosser Group

Cool Spaces Storage in Conroe, Texas

Property Location

17944 TX-242
Conroe, TX 77302

overview video

investment highlights

property summary

Broker Information

Dave Knobler

Mixson Staffel

Charles "Chico" LeClaire

CONFIDENTIALITY AGREEMENT

We're here for you. Let us know how we can help.

Cool Spaces Storage in Conroe, Texas

Property Location

17944 TX-242 Conroe, TX 77302

overview video

investment highlights

property summary

Broker Information

Dave Knobler

Mixson Staffel

Charles "Chico" LeClaire

Download Marketing Package

CONFIDENTIALITY AGREEMENT

We're here for you. Let us know how we can help.

17944 TX-242
Conroe, TX 77302