Closed IN Self Storage
Four Properties • Dallas / Fort Worth | NRSF: 136,150 | 03/04/2022
MARCUS & MILLICHAP ARRANGES THE SALE OF A 136,150-SQUARE FOOT SELF-STORAGE PORTFOLIO
VARIOUS LOCATIONS IN DALLAS / FORT WORTH, TX, 3/10/2022 – 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 the IN Self Storage Portfolio. The portfolio contained four self-storage facilities representing 136,150-square foot self-storage located in Aubrey, Flower Mound, Fort Worth, and Wylie, Texas, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office.
Danny Cunningham and Brandon Karr, investment specialists in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investment group to whom Karr and Cunningham sold two of the facilities previously. The buyer, Cohen Investment Group, was secured and represented by Danny Cunningham and Brandon Karr as well. According to Cunningham, “The IN Self Storage Portfolio was the perfect opportunity for investors to acquire four stabilized storage facilities primarily located in high-growth / high-demographic corridors throughout Dallas / Fort Worth. Our team was able to leverage our wide-scale marketing platform to generate six offers during a two-week marketing period, and four of the six came in above our asking price. The sellers ultimately decided to go with a private investment group that has a sizeable storage portfolio in the Southeast. The group had attempted to enter the Texas market for some time, and the IN Self Storage portfolio was a perfect fit for them.“
IN Self Storage is located at 14799 Fishtrap Rd in Aubrey, TX 76227, 2400 Victory Dr in Flower Mound, TX, 2801 E Loop 820 S, Fort Worth, TX 76119, and 3825 Old Parker Rd Wylie, TX 75098.
