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 West Bellfort Self Storage, a 42,925 square foot storage facility located in Houston, Texas.
Dave Knobler, First 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 Houston based LLC. 170 and 170 was my catchphrase on this one,” said Knobler, “There are over 170,000 people living within 3 miles of the southwest Houston asset and the facility is a block away from the intersection of West Bellfort and Beltway 8 which sees around 170,000 vehicles daily.” Knobler continued, “The response from the market was fantastic, we received numerous offers and had a very competitive best and final round.” The Buyer was a Dallas-based LLC.
“170 and 170 was my catchphrase on this one. There are over 170,000 people living within 3 miles of the southwest Houston asset and the facility is a block away from the intersection of West Bellfort and Beltway 8 which sees around 170,000 vehicles daily.”
The property sits on 4.35 acres with 8 metal framed single story buildings consisting of 350 drive-up non-climate storage units. The facility was built in 2008 and has numerous amenities including but not limited to, concrete driveways, perimeter wrought iron fencing and a full-service on-site manager’s office and residence.
