League City Storage

Location: League City, TX
Type: Self Storage
Price: $18,725,000

SMC has provided a $18,725,000 ten-year fixed rate mortgage for the acquisition of League City Storage, a 25- building self-storage storage facility located in League City, Texas.  The Property is located approximately 1- mile from League City Pkwy, which provides access to I-45 and the Galveston Bay, and is approximately 31-miles south east of the Houston CBD and 25-miles northwest of Galveston, Texas.  The Property was built in phases from 2006 – 2016 and consists of 950 fully-enclosed, storage units available for rent. The average storage unit is approximately 457 SF and the facility offers gated entry with keypad access, exterior lighting, perimeter fencing, and security cameras. The Property has averaged 98%+ occupancy since 2015.