River Oaks Self-Storage Opportunity – Houston, TX
4217 San Felipe St, Houston, TX 77027
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.