SAN ANTONIO, 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 a five property self-storage portfolio located in the San Antonio MSA. The asset has 768 units and 94,517 net rentable square feet.
Dave Knobler, Senior Managing Director 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 local individual. “With five properties scattered throughout Seguin, the transaction affords the Buyer efficiencies in a rapidly growing San Antonio area community,” said Knobler. “The new ownership will be able to take assets that were already 99 percent physically occupied and implement institutional-level property management to elevate them even further.” The Buyer, a northeast-based LLC, was secured by Dave Knobler and Charles “Chico” LeClaire as well.
“With five properties scattered throughout Seguin, the transaction affords the Buyer efficiencies in a rapidly growing San Antonio area community. The new ownership will be able to take assets that were already 99 percent physically occupied and implement institutional-level property management to elevate them even further.”
The portfolio has locations at 2015-2021 West Kinsbury Street, 113 Krueger Road, 602 South Highway 46, and 1000 Block Tabernacle Street in Seguin.
