Compass Self Storage Enters Houston Market

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, so says Yardi Matrix data.

The Class A facility operates under the Compass Self Storage brand, marking the buyer’s entry into the Houston market.

The nine-building property sits on 6 acres and was completed in three phases between 2005 and 2010. The facility features climate and non-climate-controlled units ranging from 25 to 585 square feet, as well as parking, including boat and RV spaces. On-site amenities include video surveillance, moving boxes and supplies, individual access control, truck rental and drive-up access. Compass has over 100 facilities nationwide. The company’s only other Texas location is in Cedar Hill.