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 Extra Space Storage located in Killeen, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Brandon Karr, First Vice President Investments and Danny Cunningham, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor from Florida. The buyer, a publicly-traded REIT, was also secured by Mr. Karr and Mr. Cunningham.

Extra Space Storage is a 43,650 rentable-square foot facility located at 3601 West Stan Schlueter Loop in Killeen, Texas. The facility is privately owned and professionally managed by Extra Space. The property is comprised of 318 units - of which, 221 are climate-controlled. The property was built in 2004 and features a manager's office, brick and block facade construction, climate-controlled units, garage-style roll up doors, personalized key-pad entry, video surveillance, perimeter fencing and lighting, and wide concrete driveways.

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