Extra Space (Managed) Three Property Portfolio – Texas & Minnesota

investment highlights

INSTITUTIONAL MANAGEMENT PLATFORM // All three assets are operated by Extra Space Storage, and currently average 89 – 95 percent occupied. Extra Space has managed each property for less than 24 months providing continued upside through dynamic pricing, ECRI implementation, and a seamless transition for new ownership.
SUNBELT GROWTH + HEALTHCARE-DRIVEN ECONOMIC STABILITY // Houston and San Antonio benefit from large, growing trade-area populations (Houston: 192,845; San Antonio: 75,774). Rochester adds stability with a healthcare-driven economy led by Mayo Clinic and a 74,703 population within three miles. Together, these markets support organic rent growth and stable storage demand.
FAVORABLE SUPPLY-DEMAND FUNDAMENTALS IN CORE TRADE AREAS // Houston and San Antonio sit in high-density corridors with largely stabilized inventory. Rochester has a smaller competitive set and demand tied to institutional employment, supporting occupancy and pricing power. No developments are known within three miles of any property. Average household incomes are $113,000 (Rochester) and $137,000 (San Antonio).
STRONG VISIBILITY WITH DIVERSE DEMAND DRIVERS // Each asset sits on major traffic corridors with strong traffic and nearby dense housing. Houston benefits from heavy multifamily concentration and 20,000+ vehicles per day on Gessner Road. San Antonio draws from affluent suburbs (e.g., Shavano Park) with 38,000 vehicles per day. Rochester is on 7th Street and Highway 14 (45,000+ vehicles per day), capturing demand from medical professionals and residents and supporting cycle-resilient occupancy. Current supply: Houston 8.04 sf/cap; San Antonio 11.44 sf/cap; Rochester 4.06 sf/cap.

Broker Information

Jordan Farrer

Managing Director

Phone: 801.736.2643
Email: jfarrer@marcusmillichap.com
License: UT 9220604-SA00

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 EXTRA SPACE STORAGE THREE PROPERTY PORTFOLIO - TEXAS & MINNESOTA. 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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Extra Space (Managed) Three Property Portfolio – Texas & Minnesota

Property Location

10615 S Gessner Road,
Houston, TX 77071

16523 Huebner Road,
San Antonio, TX 78248

2301 Highway 14 W,
Rochester, MN 55901

investment highlights

Broker Information

Jordan Farrer

Adam Schlosser

Dave Knobler

CONFIDENTIALITY AGREEMENT

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

Extra Space (Managed) Three Property Portfolio – Texas & Minnesota

Property Location

10615 S Gessner Road, Houston, TX 77071 16523 Huebner Road, San Antonio, TX 78248 2301 Highway 14 W, Rochester, MN 55901

investment highlights

Broker Information

Jordan Farrer

Adam Schlosser

Dave Knobler

Download Marketing Package

CONFIDENTIALITY AGREEMENT

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

10615 S Gessner Road,
Houston, TX 77071

16523 Huebner Road,
San Antonio, TX 78248

2301 Highway 14 W,
Rochester, MN 55901