Closed A-1 Storage
MARCUS & MILLICHAP ARRANGES THE SALE OF A 18,615-SQUARE FOOT SELF-STORAGE FACILITY
PEARLAND, TX, 4/21/2022 – 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 A-1 Storage, a 18,615-square foot self-storage facility located in Pearland, Texas, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office.
Dave Knobler, an investment specialist located in the Marcus & Millichap Houston office and member of the LeClaire-Schlosser Group, partnered with the firm’s Fort Worth-based Karr-Cunningham Storage Team to exclusively market the property for sale on behalf of a privately held, Texas-based investment group. The buyer, a private self-storage developer / owner based in California, was secured by Mr. Knobler, Mr. Karr, and Mr. Cunningham as well.
According to Mr. Cunningham, “As soon as the owners approached us about possibly selling their facility in January, we knew exactly who the perfect buyer was. We had recently sold another storage facility that was similar in size, condition, and geographic location, and that particular buyer was on the hunt for more properties just like it. The buyer wasted little time and submitted a full-price offer as soon as we told him about the offering, and it turned out to be one of the smoothest transactions of our career.” Mr. Knobler adds, “Pearland is one of the most exciting suburbs in Greater Houston and given the tremendous growth around town that’s saying something, needless to say the facility has a ton of potential for the buyer.”
A-1 Storage is located at 3512 East Broadway Street in Pearland, Texas.
