CLEAR LAKE, TX-A subsidiary of WedgeReal Estate Holdings haspurchased Safe-Keeping Self Storage, a 539-unit self storagefacility totaling 50,332 square feet, from Weiss Realty LLC.

Although the purchase price was undisclosed, local experts saysimilar assets in the Houston metro area would trade for $60 to$100 per square foot. Using those metrics, Safe-Keeping SelfStorage sold for $3 million to $5 million.

Situated on a little more than seven acres at 900 West NasaPkwy. near Interstate 45, Safe-Keeping Self Storage is located in aformer lumber company building that was converted in the late1990s. At the time of purchased, the property’s occupancy rate wasin the low 80% range, according to Aaron Swerdlin, senior managingdirector with HFF’s Houston office. He and Doug McCarron, managingdirector of HFF, exclusively represented the seller.