“Pasadena Land” is an entitled self-storage development site in one of the most densely populated submarkets of Houston, Texas. The site is strategically located at the busy signalized intersection of Fairmont Parkway and Canada / Genoa Red Bluff Road. Fairmont Parkway is the primary east-west thoroughfare connecting Beltway 8 and TX-146. The facility has proximity to a new HEB Shopping Center and retailers Chick-Fil-A, Whataburger and Wal-Mart. These retailers are located less than two miles from the site.
Original plans for the development include a three-story, single building development with large oversize office and a full spectrum of amenities for a new, modern self storage facility. There will be a total of 905 units spread of 96,525 rentable square feet. 862 units are climate controlled and 43 units are non climate controlled.
This development would be with first class “A+” self storage development in Pasadena. Current inventory of self storage product consists of mostly first generation, single story drive-up B and C quality assets. There are favorable supply / demand statistics with less than 1 sq. ft. / capita of class A product east of Beltway 8 in a three mile radius. The three mile population is 79,831 people. Priced at $1,800,000 “Pasadena Land” is an attractive price point for a best of class self storage development project.
