Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Lamar Self Storage, a 2.9 acre self-storage facility located in Paris, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Brandon Karr, Vice President Investments and Danny Cunningham, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private Texas based investor who was in a 1031 exchange, was also secured by Mr. Karr and Mr. Cunningham.

Lamar Self Storage is located at 2405 Northeast Loop 286 in Paris, Texas. The subject property is a 45,900 rentable-square foot facility resting on approximately 2.9 acres. The facility was built in 1986 and features an on-site manager's residence, garage-style roll up doors, 24-hour video surveillance, wide driveways, personalized key-pad gated entry and perimeter fencing & lighting.

The property is comprised of 65 climate-controlled units and 313 non-climate drive-up units. The facility also generates ample truck rental business provided by U-Haul.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com