Marcus & Millichap Arranges the Sale of a 40,935 Square Foot Self-Storage Facility
CYPRESS, TEXAS, January 5, 2015– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Safe Harbor Boat and RV Storage, a 40,935 square foot self-storage facility located in Cypress, Texas, according to David H. Luther, vice president/regional manager of Marcus & Millichap’s Houston office.
Justin Miller, a vice president investments, and Dave Knobler, a senior associate, both in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
“The interest in the asset was outstanding. We received eight offers within two weeks of being on the market,” said Knobler. The buyer, a partnership, was also secured and represented by Knobler and Miller.
Safe Harbor Boat and RV Storage is located at 14130 Huffmeister Road in Cypress.
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About Marcus & Millichap (NYSE: MMI) With over 1,300 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 6,600 transactions in 2013 with a value of approximately $24 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