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 Your Storage Solution, a 78,225-square foot self-storage facility located in Austin, Texas, according to Bill G. Jordan, regional manager of the firm’s Fort Worth office.
Brandon Karr, 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. The buyer, a publically-traded REIT, was also secured by Mr. Karr.
Your Storage Solution is located at 12506 North Lamar Boulevard in Austin, Texas. The property rests upon approximately 2.27 acres of land and consists of 772 units, all of which are climate-controlled. The facility is comprised of one, three-story building that was built in 2009.
The property’s amenities include 24-hour video surveillance, key-card entry/exit, fire sprinklers, two large elevators, package delivery services, garage-style roll-up doors, two loading docks and wide concrete driveways around the building’s perimeter.
About Marcus & Millichap
With over 1,300 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