HOUSTON, Jan. 7, 2025 – JLL Capital Markets has announced the sale of Spencer Mini Storage, a 55,775-square-foot self-storage facility located in La Porte, Texas. JLL represented the seller, ExchangeRight, in the transaction with a partnership between MyPlace Self Storage and Nuveen.
The facility consists of 11 single-story buildings constructed in the late 1990s, comprising a total of 511 storage units, with 37% classified as climate-controlled. Additionally, the property provides 79 surface parking spaces for boats and RVs. Located at 11220 Spencer Highway, the site spans 4.37 acres in a densely populated suburb of southeast Houston, attracting more than 17,500 vehicles daily. The surrounding five-mile trade area serves over 81,000 residents, with an average household income exceeding $119,000.
The JLL Capital Markets Investment Sales and Advisory team representing the seller included Senior Directors Adam Roossien and Matthew Wheeler, as well as Senior Managing Directors Steve Mellon and Brian Somoza. JLL Capital Markets offers comprehensive capital solutions for real estate investors and occupiers, leveraging local market insights and global investor knowledge to provide services including investment sales, advisory, debt advisory, M&A, and corporate finance.
