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6140 North Sam Houston Park...

Updated Apr 23, 2026

Bilt advertisement
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

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:

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

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