Marcus & Millichap Arranges The Sale Of A Lake Conroe Area Storage Facility

9/30/19

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 Oversized Storage, a 61,520-square foot self-storage facility located in Willis, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Dave Knobler, an investment specialist in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The facility sits on roughly 5.75 acres on FM 830 and had expansion land included in the sale.“The property will probably primarily remain a storage facility for a while, but having about 830’ of frontage on FM 830 in between the new Woodlands Hills development and Lake Conroe adds a potential redevelopment twist” said Knobler.

Oversized Storage is located at 11741 FM 830 in Willis, 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.