Class A Self-Storage in a Growing Market
Tomball Grand Storage is a 101,700 net rentable square foot Class A self-storage facility located in Tomball, Texas — less than a mile from the TX-99 and Highway 249 intersection. Acquired in 2017 as a distressed asset, the facility has been systematically improved through two expansion phases, professional management, and a repositioning strategy that has grown monthly revenue from $14,000 to over $111,000.
The property sits on 8.24 acres and includes 530 climate-controlled, non-climate, and open parking units. The surrounding five-mile trade area has a population of 187,685 with above-average household incomes, and Tomball continues to add rooftops faster than storage supply.
Investment Highlights
- Revenue grown from $14K to $111K+ per month under current management — a proven value-add track record
- Two prior expansion phases completed under budget and leased up on schedule
- Phase 3 expansion opportunity: 45,000 SF of new climate-controlled units adding approximately $485,000 in gross potential revenue
- Tomball submarket is undersupplied — residential growth is strong while new storage development has stalled
- Self-storage has outperformed nearly every real estate asset class with average annual returns of 17% over the past nine years
- Expansion construction cost of approximately $65/SF versus current facility valuations of $150–$165/SF — significant value creation on build-out
The recapitalization is structured through Lobdell Capital LLC. The sponsor retains the largest equity position and takes zero acquisition, asset management, or refinancing fees — compensation is 100% performance-based. Detailed financial projections and a property tour are available to qualified parties upon request.