Press Release brought to you by Marcus & Millichap

MARCUS & MILLICHAP ARRANGES THE SALE OF A 338 UNIT SELF-STORAGE FACILITY IN HOUSTON, TEXAS

05/18/2017

HOUSTON, Texas, May 18, 2017 – 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 A Discount Mini Storage, a 338 unit self-storage facility located in Houston, Texas, according to David H. Luther, first vice president/district manager of the firm’s Houston office.

Dave Knobler, vice president investments, Justin Miller, first vice president investments, Derek Hargrove, first vice president investments, and Davis Hansen, associate, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.  “Having a location just outside of Loop 610 was a big drawing card for potential prospects” said Knobler. “Out of the six offers that we received, all  were from Texas based investors and five of the six were either based or had operations in Greater Houston.” The buyer, a Houston based limited liability company, was secured by Dave Knobler, Justin Miller, Derek Hargrove and Davis Hansen.

A Discount Mini Storage is located at 3735 Mangum Road in Houston.

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About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 over 9,000 transactions in 2016 with a value of approximately $42.3 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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