HOUSTON, TX | The LeClaire-Schlosser Group along with the Hatcher-Coe Group of 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 Tech Secured Storage, a 60,025 net rentable square foot storage facility located in Tomball, Texas.
Dave Knobler, Senior Managing Director Investments in Marcus & Millichap’s Houston, Texas office, Brian Kelly, First Vice President Investments in the firm’s Columbus, Ohio office, and Charles “Chico” LeClaire, Executive Managing Director Investments in the Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a California-based LLC. “We demonstrated that there’s a considerable appetite for high-quality storage properties in high demographic areas by receiving a dozen offers and producing a successful result for our client in an extremely unstable interest rate environment,” said Knobler. “Furthermore, I thought it was a strong testament to the power of our collaborative platform that we were able to migrate capital into Texas with a West Coast seller and an East Coast buyer,” Knobler added. The Buyer, a South Carolina-based LLC, was secured by Knobler, Kelly and LeClaire.
“We demonstrated that there’s a considerable appetite for high-quality storage properties in high demographic areas by receiving a dozen offers and producing a successful result for our client in an extremely unstable interest rate environment. Furthermore, I thought it was a strong testament to the power of our collaborative platform that we were able to migrate capital into Texas with a West Coast seller and an East Coast buyer.” – Dave Knobler
The facility borders the high-end area of The Woodlands, Texas which is a northern suburb 30 miles from downtown Houston. The property sits on approximately three acres of land and has one two-story climate-controlled building and two single story drive up buildings that were built in 2019. Tech Secured Storage lives up to its name with numerous state-of-the-art technological amenities. The units are equipped with the Janus International, Nokē Smart Entry system which was approximately a $150,000 investment installed in the summer of 2022.
