Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Edgewater Boat & General Storage, a 61,060-square foot Boat/RV Storage facility located in Angleton, 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, had the exclusive listing to market the property on behalf of the seller, a private investor. “This was an undermanaged value add opportunity with additional land included for expansion which attracted over 300 interested parties rather quickly” said Knobler. “I received multiple offers and was formally under contract 10 days after launching the offering to the market.” The buyer, a private investor, was secured by Dave Knobler.

Edgewater Boat & General Storage is located at 12126 FM 523 in Angleton, Texas.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.