Marcus & Millichap Arranges The Sale Of A 53,410-Square Foot Self-Storage Facility

6/26/17

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 1173 Storage, a 53,410-square foot self-storage located in Denton, Texas, according to Kyle Palmer, regional manager of the firm’s Fort Worth office.

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

1173 Storage is resting on two parcels totaling approximately 4.44 acres located at 3985 FM 1173 in Denton, Texas. The subject property was built in 2003 and expanded upon in 2015. It is comprised of 327 non-climate storage units and 28 uncovered Boat/RV parking spaces. It features a manager's office, garage-style roll up doors, personalized key-pad gated entry, 24-hour video surveillance cameras, wide driveways, perimeter fencing and lighting, and land for storage expansion.

The property is also approximately 1.15 miles from Interstate 35, one of the nation's largest interstate highways.

About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 9,000 transactions in 2016 with a value of approximately $42.3 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

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