New York-Based Soveran Acquisitions Buys 90,000-SF Mini-Storage Facility

LEAGUE CITY, TX-Marcus & Millichap Real Estate Investment Brokerage Co. recently has sold a 90,000-sf self-storage facility in League City, a coastal suburb southeast of Houston, to Soveran Acquisitions Ltd. of New York. The 925-unit Southshore Storage is located at 2410 E. Main. Don Clements, Marcus & Millichap’s senior associate broker, represented the facility’s owners, the Grover Family Trust. The building, which features a manager’s apartment-office component, had been constructed in two equal-size phases, 1993 and 1997.

Marty McAdams, Marcus & Millichap’s regional manager, tells GlobeSt.com that he feels the mini-storage business in Houston is doing quite well and will attract even more buyers as properties come to market. There also seems to be across-the-board demand for nearly every product, he says.