Self storage due diligence

[Tony Ngo]

I am looking at a self storage in Houston Texas.  I am from Portland, OR.  I have a few questions for those familiar with Houston and commercial space.  

What is the average market cap in Houston for investment properties, specifically self storage? 

Is there any property manager that will take on self storage management that you can recommend and what is the going rate?

The self storage is located in the Northwest Far Submarket, is that a growing market?  The storage space is currently 50% vacant and the seller is saying that it has not been well managed or advertised.  

Thanks!