Gulf Freeway Self Storage

Property Location

12336 Gulf Freeway
Houston, TX 77034

overview video

investment highlights

  • 62,632 NRSF | 615 Units
  • 3 Mile Population 130,561
  • Gulf Freeway Frontage– 227,061 Daily Traffic Counts
  • HCAD Assessed Value is over $1,100,000 More Than the Asking Price
  • Urban Location Inside Beltway 8 Approximately 12 Miles from Downtown Houston
  • Approximately 3 Miles from Hobby Airport (HOU)
  • Physical Occupancy is up to 25.5 Percent as of April 30, 2021

property summary

Gulf Freeway Self Storage is a 62,632 net rentable square foot self storage facility located in Houston, Texas. The property sits on approximately 6.94 acres of land and consists of 615 units, all of which are climatized. The property also contains additional paved areas around the perimeter of the facility that could be used for outdoor storage or portable units. The facility is one, single story building that was a former Home Depot.
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The facility has numerous amenities typically found in Class “A” self storage facilities including security passcode access, several loading/unloading entrances, video surveillance throughout the property, and a large full-service manager’s office.

The property fronts on the Gulf Freeway (Interstate 45) which is one of the most highly traveled areas of Greater Houston with over 225,000 vehicles driving by daily. Gulf Freeway sits about 12 miles southeast of downtown Houston inside Beltway 8 (Sam Houston Tollway) and about three miles from Hobby Airport (HOU). The densely populated urban area is home to over 130,000 residents within three miles. The facility is sandwiched between numerous national and regional retailers such as Macy’s and Burlington Coat Factory to the north and a Sam’s Club to the south.

Opened for business in January of 2020 Gulf Freeway Self Storage is the newest facility in the submarket. Most of the storage properties in the three-mile trade area were constructed in the 20th century and do not offer much in the way of climate control competition. The property has seen a rapid pace of new customers in recent months. Ownership spared little expense on the conversion installing a new HVAC and complete new electrical system throughout the property which should provide a new owner with long term durability. At $5,450,000, the list price is over 1.1 million dollars lower than the Harris County Appraisal Districts 2021 assessed value.

Broker Information

Dave Knobler

Senior Vice President

Phone: 713.452.4200
Email: dknobler@marcusmillichap.com
License: TX 606252

Charles "Chico" LeClaire

Executive Managing Director

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

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