MARCUS & MILLICHAP ARRANGES THE SALE OF A SELF-STORAGE FACILITY IN KINGWOOD
KINGWOOD, 2016 – 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 Kingwood Storage, a self-storage facility located in Kingwood, Texas, according to David H. Luther, first vice president/ regional manager of the firm’s Houston office. The 254 unit asset was built in 1985.
Dave Knobler, a senior associate, and Justin Miller, a vice president of investments, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. “We had 19 showings and received 9 offers within 10 days of taking the asset to market” said Knobler. The buyer, a limited liability company from California, was secured by Dave Knobler and Justin Miller.
Kingwood Storage is located at 1964 Northpark in Kingwood.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 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 8,700 transactions in 2015 with a value of approximately $37.8 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