Self-storage facility in Houston-area sells
JLL Capital Markets closed the sale of the 95,963-square-foot Imperial Self Storage in Sugar Land, Texas
HOUSTON, June 27, 2022 – JLL Capital Markets announced today that it has closed the sale of Imperial Self Storage, a Class A self-storage facility comprising a single three-level building totaling 95,963 square feet located in Sugar Land, Texas within the Houston MSA.
JLL marketed the property on behalf of the seller, SurePoint Self Storage. OB Companies/My Place Self Storage acquired the asset.
Professionally managed by CubeSmart, Imperial Self Storage features 100 percent climate-controlled units, motion-detector LED lights, surveillance cameras, individual unit locks, keypad entry and on-site management.
Located at 15025 Voss Rd., Imperial Self Storage has excellent visibility at the intersection of Voss Road (18,200 VPD) and Highway 6 (36,000 VPD) and is easily accessible from both roadways.
The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Steve Mellon and Brian Somoza and Directors Matthew Wheeler and Adam Roossien.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About OB Companies/My Place Self Storage
My Place Self Storage was founded by Kurt O'Brien, former founder and CEO of Simply Self Storage. Kurt has 30 years of experience and has completed over 5 billion transactions involving over 500 self-storage properties.
About SurePoint Self Storage
Robert Loeb, Brian Cisarik and Jeff Bailey are the principals of SurePoint Self Storage. Cisarik and Loeb started developing storage together in 2000. In 2012 Jeff Bailey, who has been active in self storage since 1994, joined the team to help expand the SurePoint footprint. Since 2014, the SurePoint Team has developed three properties in San Antonio, six in Houston, and two in Kansas City. All these properties are state-of-the-art, multi-story Class A+ properties. Over the years, this Team has sold 7 properties they developed. Currently SurePoint operates five facilities in San Antonio and two in the Houston market. Find out more at surepointselfstorage.com.