Hart Storage
Cleveland, TX
Asking price
Price not disclosed
Units
392
Cap rate
—
Price / unit
—
About this property
Long term owner with straightforward motivation // The Seller is a husband-and-wife couple that is retiring after self-managing the facility since they developed it. Strong IN place performance with immediate upside // The facility is 87 percent physically occupied with a path to an 8.25 percent year one cap rate through EGI growth and enhanced tenant insurance performance. Solid income customer base with NEW housing supply nearby // The surrounding household average income is around $85,000 with two new single family residential communities under construction about two miles away. High quality newer construction with several amenities // The facility was built in three phases between 2010 and 2023 and features amenities such as video surveillance, gated access, roll up doors, and a mix of concrete and crushed rock drive aisles. Large footprint with A diverse unit MIX // The property has 126,165 net rentable square feet across 12 acres with 392 units including climate, non climate, covered parking, a mobile home, and a traditional house. EXPANSION CAPABILITY // Approximately one acre of additional land is included in the offering. property summary Hart Storage is a 126,165 net rentable square foot self storage facility located in Cleveland, Texas, at the northeastern edge of the Greater Houston area. The property spans approximately 12 acres and consists of 16 single-story buildings and one two-story residence. The facility was originally constructed in 2010, with subsequent expansion phases delivered in 2014 and 2023. The unit mix includes 89 climate controlled units, 300 drive-up non-climate units, one covered parking space, a mobile home, and a single family residence. The facility offers a full suite of amenities, including video surveillance throughout the property, an automatic entrance gate with key code access, roll up doors, concrete and crushed rock drive aisles, and a full service on site manager’s office. Hart Storage provides an investor with the opportunity to acquire a strong performing asset in a growing submarket of Greater Houston, supported by average household incomes of approximately $85,000. Two actively developing single family residential communities—Pinewood Trails (LGI Homes & Lennar) and Liberty Estates (Davidson Homes)—are located within roughly two miles of the facility. The seller, a husband and wife team who originally developed the property, is seeking to retire. Operational upside includes the potential to achieve an 8.25 percent unleveraged yield within 12 months through a three percent increase in effective gross income and capturing a higher amount of tenant insurance revenue. Additionally, the property includes approximately one acre of land suitable for future expansion. As of August 31, Hart Storage is approximately 87 percent physically occupied. Broker Information Dave Knobler Senior Managing Director Phone: 713.452.4293 Email: dknobler@marcusmillichap.com License: TX 606252 Mixson Staffel Director Phone: 713.452.4247 Email: mstaffel@marcusmillichap.com License: TX 748276 Charles "Chico" LeClaire Executive Managing Director Phone: 303.328.2025 Email: cleclaire@marcusmillichap.com License: CO EA00147681 Tim Speck Broker of Record Phone: 972.755.5200 Email: tim.speck@marcusmillichap.com License: TX 9002994 Download Marketing Package " * " indicates required fields X/Twitter This field is for validation purposes and should be left unchanged. First Name * Last Name * Email * Phone * Title Company What is your role in the industry? * Principal Broker Other Confidentiality agreement this confidentiality agreement (“Agreement”) is made and agreed to by and between The LeClaire-Schlosser Group and Marcus & Millichap Real Estate Investment Services of Denver (“Broker”), exclusive listing broker for the Property, and “Buyer” regarding the property known as HART STORAGE.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | Price not disclosed |
|---|---|
| Units | 392 |
| Building size | 126,165 sq ft |
| Address | 8163 Fostoria Road |
| First seen by UnitListed | Oct 13, 2026 |
| Source page last checked | Oct 24, 2026 |
| Source last changed | Oct 13, 2026 |
Before you call the broker
9 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Asking price — not disclosed
What is the asking price, and is it firm or inviting offers?
Everything else is measured against it. A price on request is normal, but it means you cannot screen this against your budget yet.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 13, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 13, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
