Marcus & Millichap Arranges the Sale of 97,560 Square Foot Self-Storage Facility
PEARLAND, TEXAS, January 19, 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 Pearland Boat & RV Storage, a 97,560 square foot self-storage facility located in Pearland, according to David H. Luther, vice president and regional manager of Marcus & Millichap’s Houston office.
Dave Knobler, a senior 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, a Houston based private investor.“There was a tremendous amount of activity generated for the asset” said Knobler. "Four offers were procured within the first 10 days of the marketing process”.
The buyer, a limited liability company, was secured and represented by Roger Hendricks, a senior associate in Marcus & Millichap’s Dallas office.
Pearland Boat & RV Storage is located at 3600 Old Chocolate Bayou in Pearland.
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About Marcus & Millichap (NYSE: MMI)
With over 1,400 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