290 Storage is a 53,015 NRSF storage facility located in Cypress, TX. The facility is located just off Highway 290 and Barker Cypress. 290 Storage has close proximity to several new single family, multi-family and commercial developments. Town Lake, a 2,450 acre master-planned community is located within two miles of the facility. The community will include 3,000 homes and 300 acres of commercial/retail development.
Construction highlights include concrete driveways, steel and metal buildings with standing seam roofs. 290 Storage has perimeter fencing, gated entry with keypad access, exterior lighting and security cameras. There is a large on-site office and residence. The facility has ample expansion room to add additional climate or non-climate units. 290 Storage contains 360 climate, non-climate and outdoor parking units. The physical occupancy is currently 50%. The facility was impacted by Hurricane Harvey, but all necessary repairs have been completed. A new owner has significant upside to bring the occupancy back to historical levels and take advantage of one of the fastest growing areas of Houston.