14531 FM 529 is located northwest of the city proper, just past the intersection of Huffmeister Road and Spencer Road, and comprises 4.33 acres with no improvements, offering right-in, right-out access. The surrounding area consists primarily of residential neighborhoods, with some commercial activity interspersed. The traffic count directly in front of the site along Huffmeister Road is approximately 7,000 vehicles per day, while Spencer Road sees about 36,000 vehicles per day. The fund intends to develop only self-storage at this location. The self-storage project is anticipated to be built in two phases, totaling approximately 67,463 net rentable square feet. Phase I will include a mix of climate-controlled and standard units. In contrast, Phase II will adjust unit sizes and the percentage of climate-controlled units based on lease-up activity in Phase I. The data for the 3-mile radius indicates 10.1 square feet of self-storage per capita, with only one project currently in the planning stage. The property will serve a robust demographic, with approximately 128,000 residents within the same radius.