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:
- 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
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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