Updated Jul 28, 2025
Marcus & Millichap Sells 307-Unit Self Storage Facility In Conroe Texas
17944 Texas Highway 242
Units
307
Asset Type
Self Storage
Closing
Jul 25, 2025
About this deal
AI
The property asset involved in this transaction is a self-storage facility located at 17944 TX-242, Conroe, TX. The facility comprises 307 units and was built in 2021 on a 12-acre site. It features a total of 71,520 net rentable square feet, including climate-controlled, non-climate-controlled, and RV/boat storage options.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Undisclosed
- Units: 307
- Address: 17944 TX-242
- Market: Conroe
- Asset Size: 71,520 NRSF
The deal was represented by brokers Dave Knobler, Mixson Staffel, and Charles (Chico) LeClaire from Marcus & Millichap. The buyer of the facility remains undisclosed, highlighting confidentiality in the transaction process.
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Self Storage
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93