Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of U-Stuf-It, a 228 unit self-storage facility located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Dave Knobler, First Vice President Investments, brokered the transaction on behalf of the seller, a partnership and the buyer, a limited liability company. “The buyer recently purchased the closest competing property and buying this facility gave them the opportunity to basically double their footprint and obtain management efficiencies” said Knobler. The transaction was one of 5 self-storage facilities that Knobler closed during the month of May. The sales of Storage Place of Katy, All Purpose Storage in Spring, and Walker Road Storage in Walker Louisiana were all handled in conjunction with the LeClaire Group, and Knobler also closed Westlake Storage in Westlake, LA.

U-Stuf-It is located at 12151 Ormandy Street in Houston, Texas.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap 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.