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 Allsafe Storage, a 59,625 square foot storage facility located in Cypress, Texas, an affluent northwest Houston suburb.
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 Texas-based LLC. “Obviously Cypress is no secret and Allsafe was a well-maintained asset with great visibility, so we knew it was going to be well received,” said Knobler. “The rapid growth in the immediate vicinity was another boost that helped generate multiple property tours and numerous credible offers and led to an exceptional result for the Seller.” The Buyer, a national REIT, was also secured by Knobler and LeClaire.
“Obviously Cypress is no secret and Allsafe was a well-maintained asset with great visibility, so we knew it was going to be well received. The rapid growth in the immediate vicinity was another boost that helped generate multiple property tours and numerous credible offers and led to an exceptional result for the Seller.”
Allsafe Storage is a 648-unit self-storage facility and sits on approximately 7.91 acres of land and has four single story buildings. There are 354 climate control units (40,750 NRSF), 107 drive up non-climate units (18,875 NRSF) and 187 open parking spaces. The facility has numerous amenities including but not limited to, video surveillance throughout the property, an automatic entrance gate with digital key code access, roll-up doors, concrete driveways on the self-storage units, a full-service manager’s office with a two-bedroom/one-bathroom residence and a marquee sign with a digital reader screen.
