Updated Apr 23, 2026
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
About this deal
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:
- 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.
Players
Houston Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas self storage sales on Traded.
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