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 Redline Storage, a 28,248-square foot self-storage located in Spring, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Dave Knobler, First Vice President Investments in Marcus & Millichap’s Houston office, brokered the transaction on behalf of the seller, a private investor. The buyer, a limited liability company, was procured by Dave Knobler. “The Buyer actually lived in a neighborhood that was very close to Redline and this was an opportunity for them to acquire a relatively new asset (2016 construction) with frontage on Spring Cypress” said Knobler. “The facility was close to being fully occupied and it should be easy for them to self manage.” This transaction marks the 2nd self storage facility Knobler closed in Spring in a 30 day span as he, in conjunction with the LeClaire Group closed the All Purpose Storage transaction on FM 2920 approximately 2 miles away in late May.

Redline Storage is located at 3139 Spring Cypress Road in Spring, 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.