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6140 North Sam Houston Park...

Liz Raun Schlesinger Of Merit Hill Capital Acquires Self Storage Facility In Houston For $16M
SOLDSelf Storage

Liz Raun Schlesinger Of Merit Hill Capital Acquires Self Storage Facility In Houston For $16M

6140 North Sam Houston Parkway West

Building Size

59,935 SF

Asset Type

Self Storage

Closing

Apr 21, 2026

AI

The property asset involved in this transaction is a self-storage facility situated at 6140 North Sam Houston Parkway West in Houston. This facility encompasses 59,935 square feet and comprises 314 storage units across a 4.5-acre lot. The asset features multiple buildings, including climate-controlled, drive-up, and specialty storage units, built in 2016.

Summary of transaction details:

This transaction highlights the involvement of Merit Hill Capital as the acquiring entity, with CubeSmart set to manage the facility post-acquisition. The deal was brokered by the LeClaire-Schlosser Group at Marcus & Millichap on behalf of the seller, underscoring the active role of the brokers in the completion of this transaction.

Players

Dave Knobler

Marcus & Millichap

Broker

$16.1M

vol

36 deals

Broker
Liz Raun Schlesinger

Liz Raun Schlesinger

Merit Hill Capital LP

Buyer

$425M

vol

3 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