Houston, TX | The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Fortress Storage Center, a two-property, 729-unit self-storage portfolio in Rockport and Victoria, Texas.
Mixson Staffel, Director Investments, Dave Knobler, Senior Managing Director Investments, and Charles “Chico” LeClaire, Executive Managing Director Investments, of the LeClaire-Schlosser Group represented the seller in the transaction.
“Fortress Storage Center gives the buyer meaningful scale in the Texas Coastal Bend with two facilities that are almost evenly split between climate-controlled and drive-up units — the kind of balanced mix operators look for to serve both residential and commercial demand,” said Mixson Staffel. “Rockport and Victoria are about an hour apart, so this gives the new owner built-in operating efficiencies without overlapping trade areas.”
“Fortress Storage Center gives the buyer meaningful scale in the Texas Coastal Bend with two facilities that are almost evenly split between climate-controlled and drive-up units — the kind of balanced mix operators look for to serve both residential and commercial demand. Rockport and Victoria are about an hour apart, so this gives the new owner built-in operating efficiencies without overlapping trade areas.”
The portfolio comprises Fortress Storage Center in Rockport, at 205 Highway 35 South, with 337 units (204 climate-controlled and 133 non-climate) totaling 37,700 net rentable square feet, and Fortress Storage Center in Victoria, at 4901 Houston Highway, with 392 units (193 climate-controlled and 199 non-climate) totaling 47,450 net rentable square feet. Combined, the portfolio totals 729 units and approximately 85,150 net rentable square feet. Both facilities offer gated entry with keycode access, roll-up doors, 24-hour video surveillance, and full-service onsite management offices. The Rockport property features concrete drive aisles, while the Victoria property features asphalt drives and an onsite manager’s residence.
