By Evelyn Jozsa
Bellomy & Co. has arranged the sale of Keep Self Storage, a 33,934-net-rentable-square-foot facility in Houston. The company represented the Utah-based seller, as well as the buyer, a New Jersey investor. The storage was 90 percent occupied at the time of the sale. According to Yardi Matrix, the acquisition was financed by a $1.9 million loan originated by Wells Fargo Bank.
Located at 16617 Kuykendahl Road, the property is near Interstate 45, roughly 19 miles from downtown Houston. Keep Self Storage is also close to several apartment communities, including Ashford Santa Cruz, a 452-unit residential property, and Lakebridge, which comprises 272 units.
Constructed in five phrases throughout the late 90s, the seven-building asset comprises 332 units, ranging from 6 to 250 square feet. Features of the facility include climate control, gate, drive-up access, security camera, parking and RV parking. Other services available are on-site management and 24-hour access.
Bellomy & Co.’s brokerage team included Bill Bellomy and Michael Johnson. The company has recently arranged the sale of a 21,950-square-foot facility in Wichita Falls, Texas.
Image courtesy of Bellomy & Co.