LakePointe Storage – Willis, TX

Deal Highlights

• Opportunity to Acquire a Stabilized Self-Storage Facility with the Ability to Expand Over its Four Acres

• Acquisition Entails 70,473 NRSF of Traditional Storage and 36,540 NRSF of Covered Parking in Addition to 73 Uncovered Parking Spaces

• Potential to Grow Gross Potential Rates (GPR) by 16 Percent to Match the Market

• Ability to Implement a Tenant Insurance Program, Further Enhancing the Net Operating 

Income (NOI)

• Witnessed Two Phases of Expansion Already in 2017 and 2020 With the Continued Demand for Quality Self Storage in the Area

• Major Facilities Within the Five-Mile Radius are Strictly Boat and RV Parking; Expansion Allows for Traditional Storage Construction to Command a Market Dominance

• No Future Self-Storage Development is Underway or Planned in the Five-Mile Radius

• Facility is Adjacent to a Residential Development Underway, Advantageously Allowing 

the Site to Serve as the Closest Self-Storage Amenity to Residents 

• Highly-Visible Location from FM 1097 with Ideal Signage from the Road; FM 1097 

Showcases Traffic Counts of Over 16,500+ Vehicles Per Day (VPD)

• FM 1097 Recently Witnessed Lane Expansion Due to the Influx in Population Counts; 

the Two-Lane Thoroughfare is Now Widened to a Four-Lane Thoroughfare, Allowing for 

Easier Access to the Site

• Three-Mile Radius’ Population Growth Rate from 2020 to 2022 was 4.37 Percent, Substantially Exceeding the National Average; Willis is Poised to Continue its Growth

• Willis is Situated in the Houston-The Woodlands-Sugar Land, Texas Metropolitan Statistical Area, Also Known as the Greater Houston MSA, the Fifth Most Populous 

Metropolitan Area in the Nation