HOUSTON, TX | 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 Kuykendahl Boat & RV Storage, a 105,645 square foot storage facility located in Spring, Texas which is a northern suburb of the Greater Houston Area.
Dave Knobler, Senior Vice President Investments in Marcus & Millichap’s Houston, Texas office and Charles “Chico” LeClaire, Executive Managing Director Investments in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a Greater Houston Area-based LLC. “The demand for high quality Boat & RV Storage facilities in densely populated areas of town is incredible, due largely in part to the fluidity of rent discovery that’s currently taking place,” said Knobler. The Buyer also procured by Knobler and LeClaire was a California-based family trust who completed the transaction as part of a 1031 exchange. “Nothing like getting a genuine 1031 California Buyer,” Knobler added. “They knew what they were looking for and this was a perfect fit.”
“Nothing like getting a genuine 1031 California Buyer. They knew what they were looking for and this was a perfect fit.”
The property sits on approximately 8.25 acres of land and has nine single-story buildings consisting of 92 enclosed boat/RV storage units, nine warehouse spaces totaling 24,6000 square feet, a 9,260 square foot retail building with spaces for six tenants at the front of the property and over 11,000 feet of car storage included in the unit mix. There are also 56 covered parking spaces that add up to close to 21,000 square feet that are not included in the net rentable square footage. The facility has numerous amenities including but not limited to, video surveillance throughout the property, an automatic entrance gate with key code access, roll-up doors, concrete driveways, and a full-service on-site manager’s office.