Devon (Managed) Four Property Houston Portfolio

investment highlights

UPSIDE POTENTIAL // Current asking rents and in place achieved rates remain below the competitive set, creating a clear opportunity to capture additional revenue through continued rate optimization. Additionally, with approximately 24 percent vacancy across the portfolio, there is meaningful room to drive physical occupancy and unlock further top line growth.
STRATEGIC SCALE // This portfolio offers a compelling opportunity to establish immediate scale within the Houston MSA or seamlessly expand an existing regional footprint. Each property is large enough to support a full service third-party management platform, ensuring operational efficiency from day one. The facilities are strategically distributed within an approximate 20-mile radius—close enough to benefit from shared market intelligence and operational synergies, yet sufficiently spaced to avoid cannibalization and maintain distinct demand pools.
HIGHLY VISIBLE LOCATIONS // All facilities are positioned along major retail-oriented thoroughfares with exceptional daily traffic, providing strong visibility, consistent drive by exposure, and long term demand fundamentals supported by high vehicle counts (47,905 VPD on Bissonnet St., 32,400 VPD on Veterans Memorial Dr., 39,551 VPD on Gessner Rd., and 191,097 VPD on West 43rd St. & Hwy 290).
DENSE, HIGH DEMAND TRADE AREAS // All assets are located in some of Houston’s most populated residential corridors, surrounded by a strong mix of single family neighborhoods and multifamily communities that drive durable storage demand. The Gessner facility serves the affluent Spring Branch submarket with three-mile household incomes around $112K, while the West 43rd Street location anchors the gateway to Oak Forest, supported by incomes of approximately $86K. Each property benefits from exceptional population density within its trade area (212,104 on Bissonnet; 118,002 on Veterans Memorial; 127,924 on Gessner; 145,910 on West 43rd).
WELL MAINTAINED WITH ROBUST AMENITIES // All four facilities are professionally maintained and feature durable concrete drive aisles, roll up unit doors, digital keypad controlled access, comprehensive video surveillance, and full service onsite management offices with accompanying manager residences. The portfolio is primarily composed of drive-up, non climate units with supplemental outdoor parking at each location, while the Gessner property adds meaningful diversification with approximately 35,000 NRSF of enclosed Boat/RV storage.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

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

Adam Schlosser

Senior Managing Director

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Dave Knobler

Senior Managing Director

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

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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 DEVON 4 PROPERTY HOUSTON PORTFOLIO. 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 Adam Schlosser, 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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Devon (Managed) Four Property Houston Portfolio

Property Location

9840 Bissonnet Street,
Houston, TX 77036

13800 Veterans Memorial Drive,
Houston, TX 77014

1918 Gessner Road,
Houston, TX 77080

6300 West 43rd Street,
Houston, TX 77092

investment highlights

Broker Information

Charles "Chico" LeClaire

Adam Schlosser

Dave Knobler

CONFIDENTIALITY AGREEMENT

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

Devon (Managed) Four Property Houston Portfolio

Property Location

9840 Bissonnet Street, Houston, TX 77036 13800 Veterans Memorial Drive, Houston, TX 77014 1918 Gessner Road, Houston, TX 77080 6300 West 43rd Street, Houston, TX 77092

investment highlights

Broker Information

Charles "Chico" LeClaire

Adam Schlosser

Dave Knobler

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CONFIDENTIALITY AGREEMENT

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

9840 Bissonnet Street,
Houston, TX 77036

13800 Veterans Memorial Drive,
Houston, TX 77014

1918 Gessner Road,
Houston, TX 77080

6300 West 43rd Street,
Houston, TX 77092