DENVER, CO | The LeClaire-Schlosser 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 Krum Storage & More, a 25,030 square foot storage facility located in Krum, Texas.
Brett Jackson, Investment Associate, and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the local Seller. “Although the facility ultimately sold to a local investor, Krum Storage & More had a lot of interest from across the country,” said Jackson. “I’m starting to sound like a broken record but once again self storage is proving itself to be a highly sought after asset class during these uncertain times.” The LeClaire-Schlosser Group also procured the Buyer, a local private self storage investor.
“Although the facility ultimately sold to a local investor, Krum Storage & More had a lot of interest from across the country. I’m starting to sound like a broken record but once again self storage is proving itself to be a highly sought after asset class during these uncertain times.”
Krum Storage & More is a 25,030 rentable square foot storage facility with 4,640 square foot of retail storefront resting on the main thoroughfare in Krum, Texas. Built in 2010 and expanded in 2014, Krum Storage & More has 163 non-climate controlled units with a history of 95 percent occupancy over the last few years. The facility features a manager’s office, a personalized gated entry with 24-hour video surveillance, drive-up access, garage style roll-up doors, perimeter wrought iron fencing, and convenience lighting throughout.
