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

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

Situated on a little more than seven acres at 900 West Nasa Pkwy. near Interstate 45, Safe-Keeping Self Storage is located in a former lumber company building that was converted in the late 1990s. At the time of purchased, the property’s occupancy rate was in the low 80% range, according to Aaron Swerdlin, senior managing director with HFF’s Houston office. He and Doug McCarron, managing director of HFF, exclusively represented the seller.