Simply Self Storage (SSS), which owns or manages 192 self-storage facilities in the United States and Puerto Rico, has acquired an Access Self Storage facility in Houston. The three-story facility at 650 Bay Area Blvd. opened in 2015 and comprises 94,475 square feet of storage space in 800 climate-controlled and 39 drive-up units. Property features include a retail-oriented sales office and video cameras.
The seller was represented in the transaction by Brian Somoza and Steve Mellon, managing directors of JLL Capital Markets, a commercial finance and real estate firm. JLL also secured the acquisition financing, according to a press release. Vice president Griffin Guthneck led the financing efforts.
“With best-in-class design and state-of-the-art construction, this facility leads the market in overall quality, providing investors with the highest-quality self-storage space available in its market,” Somoza said. “Additionally, the property is positioned in a populous area with above-average household incomes and benefits from excellent visibility along the retail-oriented Bay Area Boulevard.”
Headquartered in Orlando, Fla., SSS owns or manages facilities in 18 states and Puerto Rico. Its properties comprise 14.9 million square feet of storage space.
