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 Ashley's Storage Portfolio, a 96,338-square foot self-storage located in Channelview, 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 Texas based LLC. “It was somewhat of an unorthodox offering since two of the assets were traditional self-storage facilities in Channelview and the other 2 were Boat/RV properties in northwest Houston”, said Knobler. “Still the underlying demand for storage generated plenty of interest and there were multiple offers neck and neck at the end”. The buyer, a California based LLC, was also secured by Dave Knobler.

Ashley's Storage Portfolio is located at 229 Dell Dale Street and 232 Grand Street in Channelview, Texas and 10018 Edwards Street and 7114 Belgold Street in Houston, 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.