DESOTO, TEXAS, June 12, 2015 – 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 U Store, a 45,285-square foot self-storage facility located in DeSoto, Texas, according to Hernando Perez, Sales Manager of the firm’s Fort Worth office.
Danny Cunningham, Associate and Brandon Karr, 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 based in California, was secured by Mr. Cunningham and Mr. Karr as well.
U Store is located at 1209 East Belt Line Road in DeSoto, Texas, on 2 adjacent parcels encompassing approximately 3.6 acres. The facility was built in stages in 1974, 1982, 1985, and 2001, and features an on-site manager’s residence, garage-style roll up doors, video surveillance, personalized key-pad gated entry and exit, a fortress style perimeter and wide concrete driveways. The property is comprised of 365 units, of which 51 are climate-controlled.
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About Marcus & Millichap (NYSE: MMI)
With nearly 1,500 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 7,600 transactions in 2014 with a value of approximately $33.1 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