House It Storage in Richmond, Texas sold May 6 for an undisclosed price to an affiliate of the Jenkins Organization, a self-storage developer and management company.
The facility has 221 self-storage units, 60 Boat/RV spaces and eight corporate offices. The new owner will expand the self-storage and improve the unit mix.
Bill Brownfield of MKP Self Storage LLC arranged the sale. Brownfield is the broker affiliate for South and Central Texas for the Argus Self Storage Sales Network.
Based in Denver, the Argus Self Storage Sales Network was formed in 1994 to assist owners and investors of self-storage. Argus has 36 broker affiliates covering nearly 40 markets.