Spencer Mini Storage

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Spencer Mini Storage (the “Property”), a late 1990s vintage self storage facility located in La Porte, Texas, a southeastern Houston suburb. The Property, consisting of 55,775 square feet across 511 units (37% climate-controlled), is currently 88.8% leased. The facility is currently privately managed and has been since opening. The Property consists of 11 single-story buildings situated on 4.37 acres of land with excellent frontage along Spencer Highway.

The Property is well positioned within a high performing submarket in the Houston MSA with a dense residential population, strong self storage demand drivers, and excellent trade area demographics and accessibility. Within a 5-mile radius, the average household income tops $119,000 with a population of more than 81,000. This offering provides investors the opportunity to purchase a privately managed self storage facility in a densely populated area with strong in-place cash flow and significant revenue upside.