Marcus & Millichap Arranges the Sale of a 50,065 Square Foot Self Storage Facility
SHREVEPORT, LOUISIANA, Oct. 17, 2014– 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 Westside Mini Storage, a 50,065 square foot self storage facility located in Shreveport, according to David H. Luther, vice president and regional manager of Marcus & Millichap’s Houston office. The asset had a list price of $3,000,000.
Dave Knobler, an associate, and Justin Miller, a vice president investments in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. Louisiana broker of record, William Hoffpauir, assisted in closing this transaction.
Westside Mini Storage is located at 6625 West Port Avenue in Shreveport.
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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