Press Release brought to you by Marcus & Millichap

Marcus & Millichap Arranges the Sale of a 32,621 Square Foot Self-Storage, Office Warehouse and Retail Facility

09/22/2015

AUSTIN, TEXAS, September 21, 2015– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Sheahan Self Storage, a 32,621 net rentable square foot self-storage, office warehouse and retail property located in Austin, according to David H. Luther, first vice president/regional manager of the Marcus & Millichap’s Houston office.
 
Justin Miller, a vice president investments and Dave Knobler, a senior associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership.  “We received six offers on the asset” said Knobler. “Obviously commercial real estate in Austin is in high demand and to have a location that fronted on North Lamar made for a very attractive opportunity.” The buyer, a limited liability company, was secured by Knobler and Miller as well.  

Sheahan Self Storage is located at 11712 North Lamar Boulevard in Austin.
 

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About Marcus & Millichap (NYSE: MMI)

With nearly 1,500 investment 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 over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company 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

 

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09/21/2015 - 19:30

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Marcus & Millichap

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