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4217 San Felipe StHouston, TX 77027
River Oaks Self-Storage Opportunity
Asset ClassSelf Storage
Square Feet54,346
Square Feet: 54,346# Units: 504Occupancy: 91.8%Access Data Room
River Oaks - Houston, TX
overview of deal

Overview

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale River Oaks Self Storage.

 

This offering presents a rare opportunity to acquire a high-quality, core self-storage facility in the River Oaks District of Houston, TX.The two-story facility comprises 54,346 rentable square feet across 426 climate-controlled units, 70 wine units, 7 drive-up units, and 1 on-site office. As of April 2025, the facility was 91.8% occupied with in-place rents of $28.01 annually. The site is located in a prominent, high-visibility location with excellent population density, high median household incomes, and high barriers to entry.

 

The store opened in 1990 and is currently 91.8% occupied. Over the LTM, the store has maintained occupancy in excess of 91%. Over that same time period, effective rates after concessions increased by nearly 3%. This consistent performance indicates strong local demand and durable cash flow. The asset is well-positioned for further growth through integration into a larger platform with enhanced SEO, marketing, and revenue management capabilities. These improvements could unlock additional rental rate and occupancy gains.

 

The store is situated in River Oaks, just a few blocks from the heart of the neighborhood, offering a prime position along San Felipe Street with direct access to high-end apartment communities including The Pearl Midlane, The Ivy & The James, and Arabella. The site boasts exceptional walkability to the River Oaks District – home to flagship luxury retail, fine dining, and wellness destinations – as well as Whole Foods, Trader Joe’s, and Central Market. Surrounded by over 10,000 existing and planned apartment units within a 3-mile radius, the location is positioned to benefit from sustained residential growth and long-term demand for self-storage.

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Investment Highlights

  • Core Location: Prime Inner Loop location in Houston’s prestigious River Oaks neighborhood, just blocks from the heart of the neighborhood
  • Strong Occupancy & In-Place Rents: Currently 91.8% occupied with consistent LTM occupancy above 91% and in-place rents over $28
  • High-Quality Asset: Two-story, institutional-grade facility totaling 54,346 RSF across 426 climate-controlled units, 70 wine units, 7 drive-up units, and 1 on-site office
  • Affluent Trade Area: Surrounded by high-income households and luxury multifamily, including The Pearl Midlane, The Ivy & The James, and Arabella
  • Walkable Urban Location: Steps from the heart of the River Oaks District, Whole Foods, Trader Joe’s, and Central Market
  • Residential Density: Over 10,000 existing and planned apartment units within a 3-mile radius
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4217 San Felipe StHouston, TX 77027

Cushman and Wakefield Self-Storage Advisory Group

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Listing provided by Revere CRE