Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the themeisle-companion domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the insert-headers-and-footers domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the really-simple-ssl domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the neve domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114
Closed | Hwy 35 Storage | 09/13/2022
Skip to content

Closed | Hwy 35 Storage | 09/13/2022

Closed | Hwy 35 Storage

MARCUS & MILLICHAP ARRANGES THE SALE OF A 93,751 RENTABLE-SQUARE FOOT SELF-STORAGE FACILITY

ROYSE CITY, TX, September 22, 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 Hwy 35 Storage, a 93,751 rentable-square foot self-storage facility located in Royse City, Texas, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office.

Brandon Karr and Danny Cunningham, investment specialists in Marcus & Millichap’s Fort Worth office and leaders of the Karr-Cunningham Storage Team, had the exclusive listing to market the property on behalf of the seller, a private investor from Washington state who purchased the facility through Karr and Cunningham in 2016.  The buyer was a private investor from the Pacific Northwest.

According to Mr. Cunningham, “It is no secret the interest rate environment has been tumultuous over the past several months.  Despite the challenges that come with this market uncertainty, we were able to generate multiple offers well above our asking price during a brief two-week marketing period.  The escrow period was very smooth as well, and we closed at the originally agreed upon contract price.  Investor appetite for stabilized and value-add storage facilities near major metros in Texas has remained strong, and this transaction was just one of several reaffirming examples we have seen lately.”

Hwy 35 Storage is located at 7878 Farm-to-Market 35 in Royse City, Texas.