Compass Self Storage has acquired an 87,376-square-foot self storage property in Spring, Texas from Inland Real Estate Group. The company purchased the asset through a $7 million acquisition loan provided by The Huntington National Bank with a maturity date set for 2027 according to Yardi Matrix data.
The Class A facility operates under the Compass Self Storage brand and marks their entry into the Houston market. It consists of nine buildings on 6 acres that were completed between 2005 and 2010 featuring climate and non-climate controlled units ranging from 25 to 585 square feet as well as parking spaces including boat and RV spaces. Onsite amenities include video surveillance, moving boxes & supplies, individual access control, truck rental & drive up access making it one of over 100 facilities nationwide with their only other Texas location being Cedar Hill.
