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 American Self Storage, a 49,588 net rentable square foot storage facility located in Harlingen, Texas, which is a centrally located hub in the Rio Grande Valley.
Dave Knobler, First Vice President Investments in Marcus & Millichap’s Houston, Texas office and Charles "Chico" LeClaire, Executive Managing Director Investments in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the seller, a Houston based partnership. “It was a collaborative effort and once again demonstrates the power of the Marcus & Millichap platform,” said Knobler. “We received multiple offers and several other Marcus & Millichap agents generated activity to help get the highest price and terms possible for our Seller. Another member of the Marcus & Millichap National Self Storage Group – Jon Danklefs in the San Antonio office – was instrumental in the deal and represented the Buyer in the transaction.”
The facility sits on 6.49 acres of land including close to three acres for a potential expansion, has six single story buildings and was constructed in 2004. The property has many different amenities including, but not limited to a gated entry with a digital keypad, full service on-site management office with a residence, video surveillance, and concrete driveways.
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.
