US Storage Centers (Managed) – Richmond, TX (Houston MSA)

Property Location

20512 FM 1093
Richmond, TX 77407

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investment highlights

  • CINCO RANCH LOCATION // One of the United States’ Premier Master Planned Communities
  • WESTPARK TOLLWAY FRONTAGE // 2020 TXDOT Traffic Count 53,031 – 40 Percent Increase since 2017
  • MAJOR GROWTH CORRIDOR OF HOUSTON // 2020-2025 Projected Population Growth 23.7 Percent
  • AFFLUENT FORT BEND COUNTY DEMOGRAPHICS // Average Household Income $149,531
  • THREE MILE POPULATION // 92,633
  • 85,215 NRSF // 79,825 SF of Climate and Drive-Up Storage & 5,390 SF of Covered Parking
  • PHYSICAL OCCUPANCY // 90 Percent
  • EXCELLENT LOCATION // Sandwiched Between Cinco Ranch, Lakemont, and Grand Mission Master Planned Communities
  • NEW AMAZON FULFILLMENT CENTER THREE MILES AWAY // Projected to Create 1,000 New Jobs

property summary

US Storage Centers (Managed) is an 85,215 net rentable square foot self-storage facility located in Richmond, Texas a southwest Houston suburb. There is a total of 752 units composed of 641 climate-controlled units (61,425 net rentable square feet), 100 drive-up non-climate units (18,400 net rentable square feet) and 11 covered parking spaces (5,390 net rentable square feet). The property sits on approximately 3.32 acres of land and has 1 two story building, 1 single story building and one canopy parking structure.

The property was constructed in 2018 and has an attractive block façade along with many amenities commonly found in Class “A” self-storage facilities. There are multiple gated entrances with digital keypad access, a spacious on-site management office, video surveillance throughout the facility, hallway lights on motion sensors, and concrete driveways to name a few. US Storage Centers (Managed) sits in a high demographic densely populated and growing area of Houston with over 92,000 people living within a three-mile radius of the facility. The average household income is nearly $150,000 and the facility serves numerous affluent well known Fort Bend and Harris County areas. After seeing a 61 percent population growth between 2010 and 2020 the population projections show a continued boom of nearly twenty-five percent in a three-mile radius of the property for 2020-2025. US Storage Centers (Managed) fronts on FM 1093 commonly known as the Westpark Tollway which is a freeway that connects Katy and the western Houston suburbs to the Grand Parkway, Beltway 8, and the Southwest Freeway. In fact, the Texas Department of Transportation (TXDOT) shows that traffic counts are around 53,000 which is a 40 percent increase since 2017. Moreover, the facility has a secondary entrance on Mason Road affording customers superior ingress/egress to their units.

This investment offers the opportunity for an investor to acquire a professionally operated high quality storage property in an outstanding Houston submarket. US Storage Centers (Managed) is positioned on the southern end of the highly acclaimed Cinco Ranch master planned community. The purchase of Cinco Ranch was the largest raw land transaction in Houston’s history in 1984 and thousands of families have made the area home in the years since. The first residents moved into Cinco Ranch in 1991 and it has become one of the top selling communities in the nation with 8,740 residential lots. Numerous neighboring communities have blossomed nearby, and US Storage Centers (Managed) sits in this busy residential corridor sandwiched between Cinco Ranch and other master planned communities such as Grand Mission and Lakemont. There are several national and regional retailers, major healthcare providers, schools, and hotels nearby. In addition to the numerous construction projects for continued residential and retail growth Amazon recently built a 94-acre fulfillment center approximately 3 miles from the facility that is expected to generate 1,000 jobs.

As of August 31, 2021, the physical occupancy by square footage at US Storage Centers (Managed) Storage is approximately 90 percent.

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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