CubeSmart (Managed) – Houston, TX
Deal Highlights
Opportunity to Own a Class A asset positioned off of Veterans Memorial Drive with over 31,150 VPD No Future Planned or prospective Development within a 4-mile radius Property sits in a densely populated area with over 134k people in a 3-mile radius and over 332k people in a 5-mile radius Opportunity to Increase Rents by 28% to meet the current market Multiple new Developments being built within the three mile radius. Including 2 multifamily PROPERTY OVERVIEW Property Name Cubesmart – Houston List Price $13,7500,000 11716 Veterans Memorial Dr, Houston, TX 77067 Harris 90,875 619 632 30.6% 31.8% 20.2% $1.09 $1.36 Address County NRSF Total Number of Units Total Units (Non-merged unit count) Physical Occupancy % (Area) Physical Occupancy % (Units) Economic Occupancy Current Ask Rate Stable Ask Rate Rate Growth 25.2% 308 311 25 SF to 600 SF 7.44 14 2024 Commercial 148-085-001-0001 1 Concrete Steel Metal Metal Metal 1 Sliding Non Climate Units Climate Controlled Units Unit Sizes # of Acres # of Buildings Year Built Zoning Parcel Number(s) # of Stories Foundation Framing Exterior Roof Type Fencing Type # of Entries Type of Gate Management Software Flood Zone CubeSmart X complexes with over 306 total units
