overview video
investment highlights
- SIGNIFICANT OPERATIONAL UPSIDE // Revenue has increased roughly 60 percent since REIT management was implemented, yet asking rents remain materially below submarket levels.
- MEANINGFUL RATE GROWTH RUNWAY // Comparable REIT managed facilities in the trade area achieve rents 25–30 percent higher than current levels at this property.
- STRONG DEMOGRAPHIC BASE // Approximately 33,000 residents live within three miles, with average household incomes exceeding $84,000.
- HIGH VISIBILITY LOCATION // The property sits just 0.2 miles from Alvin High School, a 6A campus with nearly 2,700 students and consistent daily traffic.
- POSITIONED IN A GROWTH CORRIDOR // Alvin is experiencing rapid residential expansion, highlighted by D.R. Horton’s 223 home Watermark community located less than 1.5 miles away.
- MAJOR INFRASTRUCTURE CATALYST // Construction on Segment B of the TX 99 Grand Parkway is expected to begin 3.5 miles south, improving long term accessibility and demand.
- RECENT CAPITAL IMPROVEMENTS // The Seller has invested approximately $466,000 in CAPEX over the past two years, including roof repairs and operational enhancements.
- STABLE OCCUPANCY WITH UPSIDE // Extra Space Storage (Managed) is approximately 87 percent physically occupied as of Q3 2026, offering both stability and room for further lease up.
- 62,635 NRSF, 594 UNITS // Eight single-story buildings with climate control units, video surveillance, keypad gate access, concrete drives, and an on site manager’s office with residence.
property summary
Extra Space Storage (Managed) is a 62,635 NRSF, 594 unit self storage facility located in Alvin, Texas, a rapidly growing southern suburb of Greater Houston. Situated on approximately 3.01 acres, the property consists of eight single story buildings offering a mix of climate controlled and non climate units. The facility features a full suite of modern amenities including video surveillance throughout, an automatic gate with digital keypad access, roll up doors, concrete drive aisles, and a full service onsite manager’s office with an attached residence. Originally constructed in 1982, with climate control buildings added in 1994, the asset has benefited from recent capital improvements—most notably roof repairs and approximately $466,000 in CAPEX over the past two years.
The property serves a strong and expanding demographic base, with roughly 33,000 residents within three miles and average household incomes exceeding $84,000. It sits just 0.2 miles from Alvin High School, a 6A campus with nearly 2,700 students, providing consistent daily traffic exposure. Alvin and the far southern portion of Greater Houston continue to experience significant residential and infrastructure growth. D.R. Horton’s 223 home Watermark community, located less than 1.5 miles away, highlights the area’s accelerating housing pipeline. Additionally, construction on Segment B of the TX 99 Grand Parkway—connecting I 45 in League City to Alvin—is expected to begin approximately 3.5 miles south of the property, further enhancing long term accessibility and demand.
The Seller acquired the facility two years ago from an individual owner operator and immediately transitioned the property to third party REIT management. Since then, gross revenue has increased by approximately 60 percent, yet asking rates remain meaningfully below the submarket. Comparable REIT managed facilities in the trade area achieve rents 25-30 percent higher, providing a clear path for continued revenue growth. As of Q3 2026, Extra Space Storage (Managed) is approximately 87 percent physically occupied whereas market leaders are at 91 percent, offering both stabilized performance and additional upside through rate optimization and continued professional management.
