Access Self Storage of Humble, Texas, was recently sold to Wedge Real Estate Holdings Inc., which owns and operates 20 self-storage facilities under the names Stor-A-Way and US Storage throughout Austin, Houston and Dallas. The single-story, 85,125-square-foot facility was operational as of November 2009 and offers a mix of 585 units including office/warehouse space, climate control and enclosed RV parking.
The seller was represented in the transaction by Steve Mellon, vice president and director of the Self Storage Group at Grubb & Ellis Co. Joshua Jacobs of Page Partners also helped procure the buyer.
“This facility was a logical fit for the buyer’s existing portfolio of self-storage properties and contributes to the company’s strategy of building economies of scale,” said Mellon. “The property features excellent visibility off of FM 1960 and offers excess land for future expansion.”
Grubb & Ellis is a Houston-based commercial real estate services and investment firm. The company employs 6,000 professionals in more than 100 company-owned and affiliate offices.