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2412 West Holcombe Boulevard

H. Michael Schwartz Of SmartStop Self Storage REIT Acquires Five-Property Self Storage Portfolio In Houston
SOLDSelf Storage

H. Michael Schwartz Of SmartStop Self Storage REIT Acquires Five-Property Self Storage Portfolio In Houston

2412 West Holcombe Boulevard, 21836 Holzwarth Road, 9040 Louetta Road, 32620 Fm 2978 Road & 18250 Interstate 45

Building Size

2,100,000 SF

Asset Type

Self Storage

Closing

Jun 18, 2025

AI

The transaction involved a self-storage portfolio comprising five properties located at 2412 West Holcombe Boulevard, 21836 Holzwarth Road, 9040 Louetta Road, 32620 Fm 2978 Road, and 18250 Interstate 45. This portfolio encompasses 3,800 units with a total of 420,000 net rentable square feet in the markets of Houston, Spring, Magnolia, and Shenandoah.

Summary of transation details:

The deal was facilitated by Aaron Swerdlin of Newmark, who played a key role in the acquisition by SmartStop Self Storage REIT from developers Kathy and Scott Tautenhahn of Amazing Spaces Storage Centers.

Players

Aaron Swerdlin

Newmark

Broker

$2.1B

vol

9 deals

Broker
Newmark
NewmarkBrokerage
H. Michael Schwartz

H. Michael Schwartz

SmartStop Self Storage REIT

Buyer

$19.2M

vol

5 deals

Buyer

Houston Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

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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