Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of A-B-C Self Storage, a 40,860-square foot self-storage located in Kerrville, Texas, according to J. Michael Watson, Vice President Regional Manager of the firm’s San Antonio office.
Jon Danklefs, a Senior Associate investment specialist in Marcus & Millichap’s San Antonio office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by Butch Lagred, Associate and Chad J. Knibbe, First Vice President Investments, both retail investment specialists in Marcus & Millichap’s San Antonio office.
“Our marketing generated 13 offers, many coming from Marcus & Millichap offices around the country. The buyer ultimately was sourced by retail investment specialists in our local office. This transaction demonstrates the power of our collaborative culture and national marketing platform in generating out of market as well as out of product buyer interest’ said Jon Danklefs.
A-B-C Self Storage is located at 1201 Bandera Highway in Kerrville, Texas, 65 miles northwest of San Antonio. The facility sits on approximately 2.18 acres with 40,700-net rentable square feet comprised of 269 storage units.