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CubeSmart Self Storage (Managed)
11716 Veterans Memorial Drive, Houston, Texas 77067
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Property Info
Price: $18,500,000
Units: 632
Year Built: February 2025
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Download Marketing Package
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Broker Contact Info
Brian Kelly
614.360.9030
Brian.Kelly@marcusmillichap.com
Opportunity
The Market
Investment
Map
Houston, Texas Self-Storage Offering
POPULATION
In 2024, the population in your selected geography is 323,634. The population has changed by 13.97 percent since 2010. It is estimated that the population in your area will be 333,984 five years from now, which represents a change of 3.2 percent from the current year. The current population is 50.7 percent male and 49.3 percent female. The median age of the population in your area is 32.0, compared with the U.S. average, which is 39.0. The population density in your area is 4,124 people per square mile.
HOUSEHOLDS
There are currently 112,023 households in your selected geography. The number of households has changed by 20.75 percent since 2010. It is estimated that the number of households in your area will be 115,905 five years from now, which represents a change of 3.5 percent from the current year. The average household size in your area is 3.0 people.
INCOME
In 2024, the median household income for your selected geography is $60,196, compared with the U.S. average, which is currently $76,141. The median household income for your area has changed by 34.01 percent since 2010. It is estimated that the median household income in your area will be $65,387 five years from now, which represents a change of 8.6 percent from the current year.
The current year per capita income in your area is $25,478, compared with the U.S. average, which is $40,471. The current year’s average household income in your area is $74,879, compared with the U.S. average, which is $101,307.
EMPLOYMENT
In 2024, 157,551 people in your selected area were employed. The 2010 Census revealed that 49.8 percent of employees are in white-collar occupations in this geography, and 28.4 percent are in blue-collar occupations. In 2024, unemployment in this area was 5.0 percent. In 2010, the average time traveled to work was 31.00 minutes.
HOUSING
The median housing value in your area was $192,114 in 2024, compared with the U.S. median of $321,016. In 2010, there were 46,948.00 owner-occupied housing units and 45,829.00 renter-occupied housing units in your area.
EDUCATION
The selected area in 2024 had a lower level of educational attainment when compared with the U.S averages. 19.0 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 13.5 percent, and 7.3 percent completed a bachelor’s degree, compared with the national average of 21.1 percent.
The number of area residents with an associate degree was higher than the nation’s at 15.2 percent vs. 8.8 percent, respectively.
The area had fewer high-school graduates, 3.1 percent vs. 26.2 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 33.7 percent in the selected area compared with the 19.7 percent in the U.S.
• Houston, Texas Self-Storage Offering
• Newly Built, Class-A Facility that Opened in February 2025
• 90,875 Net Rentable Square Feet
• 321 Climate-Controlled Units & 311 Non-Climate-Controlled Units
• Extremely Dense Surrounding Population: 323,634 People Living Within Five Miles & 136,165 People Living Within Three Miles
• Population has Increased by 14% Within a Five-Mile Radius Since 2010 and is Expected to Continue Growing
• Excellent Location & Street Frontage
• High Daily Traffic Counts: ~30,400 Cars/Day off Veterans Memorial
• Surrounded by Numerous Residential Neighborhoods, Restaurants, National Retail Brands, Hotels, and Much More