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

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:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Address: 6140 North Sam Houston Parkway West
• Market: Houston
• Square Footage: 59,935
• Units: 314
• Acres: 4.5
• Buyer: Liz Raun Schlesinger - Merit Hill Capital
• Brokers: Charles LeClaire, Dave Knobler & Mixson Staffel - Marcus & Millichap

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.