Good Self Storage

Investment Highlights

• The property features approximately 43,150 NRSF excluding open parking, including 33,550 NRSF of self-storage space and 9,600 NRSF of retail space across 292 total units consisting of climate-controlled, non-climate, parking, and retail suites.
• The storage facility is approximately 85% physically occupied, while 7 of the 8 retail suites are currently leased, providing stable in-place income with additional lease-up potential.
• The property offers additional upside through ancillary income opportunities such as tenant insurance, admin fees, and continued occupancy growth.
• One climate-controlled building is currently being operated as non-climate storage despite being built for climate use, allowing new ownership to potentially increase rental rates through operational conversion.
• The facility is a newer facility and has been well maintained so less capex will be required from new ownership
• Strategically located along State Highway 321 with strong visibility and traffic exposure

Location Summary

• Cleveland is one of the fastest-growing communities in the Greater Houston MSA, benefiting from significant residential expansion and population growth throughout Liberty County, creating increasing demand for self-storage solutions.
• Strategically positioned along the I-69 / U.S. Highway 59 corridor, Cleveland offers direct connectivity to Houston, the Port of Houston, and major employment hubs, driving both residential migration and commercial activity.
• The area continues to experience strong household formation, with multiple nearby trade areas projecting nearly 20%–30% population and household growth over the next five years—supportive fundamentals for sustained storage demand.
• Cleveland benefits from affordability relative to Houston’s urban core, attracting families, workforce residents, and new home development as residents seek lower-cost housing alternatives within commuting distance of Houston.
• Ongoing infrastructure investment, including expansion along the Grand Parkway and continued development throughout the northeast Houston corridor, is accelerating commercial growth and increasing traffic counts throughout the market.
• The market’s combination of population inflows, rising housing density, and expanding business activity positions Cleveland as an attractive long-term self-storage investment market with favorable demand tailwinds and continued growth potential.