overview video
investment highlights
- ONLY TWO SELF-STORAGE FACILITIES HAVE BEEN BUILT IN SUGAR LAND IN THE PAST 20+ YEARS // Significant barriers to entry exist with very limited commercially zoned land remaining in Sugar Land; This development required 3.5 years to complete.
- RAPID LEASE-UP & STRONG EARLY PERFORMANCE // The facility reached 91 percent physical occupancy within just 16 months of opening (April 2025), demonstrating strong demand and operational momentum.
- CLASS-A+ INSTITUTIONAL QUALITY ASSET // The facility has 560 units and 72,333 NRSF on 1.80 acres and features modern amenities including a full-service manager’s office/showroom, extensive video surveillance, multiple keypad access points, and multiple elevators.
- SITUATED IN ONE OF GREATER HOUSTON’S MOST AFFLUENT SUBURBS // The property benefits from median household incomes exceeding $130,000 and exceptional demographic strength.
- NEARLY 84,000 RESIDENTS LIVE WITHIN THREE MILES OF THE PROPERTY // The population grew 12 percent over the past five years and there is another 12 percent projected growth in the next five years.
- OPPORTUNITY FOR OPERATIONAL UPSIDE // Newly built, rapidly stabilizing asset positioned for rental rate growth and operational optimization in a constrained, high-income submarket.
property summary
Extra Space Storage (Managed) is a 560-unit, 72,333 net rentable square foot Class-A+, institutional-quality self-storage facility situated on approximately 1.80 acres in Sugar Land, TX. Opened in April 2025, the property has already reached 91 percent physical occupancy in just 16 months. The facility offers a full suite of modern, institutional amenities including a professionally designed manager’s office and showroom, extensive video surveillance coverage, multiple personalized keypad access points, and several elevators providing convenient access throughout the building.
Located in Sugar Land, one of Greater Houston’s most affluent and fastest-growing communities, the property benefits from median household incomes exceeding $130,000 and a dense, expanding population base. Nearly 84,000 residents live within three miles of the facility, reflecting more than 12 percent growth over the past decade with another 12 percent projected in the next five years. The site sits roughly 400 feet south of US Highway 90 ALT, a major corridor carrying approximately 57,000 vehicles per day, providing strong visibility and consistent traffic exposure.
Extra Space Storage (Managed) offers investors the opportunity to acquire a newly built, rapidly stabilizing asset in one of Greater Houston’s premier submarkets and further optimize performance. The facility is positioned to benefit from strong rental rate momentum supported by significant barriers to entry in Sugar Land, where very few commercially zoned parcels remain. The seller required 3.5 years to navigate the development process, and the last self-storage facility built prior to this project opened in 2020—the only new construction in more than two decades—underscoring the rarity and long-term competitive advantage of this offering.
