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 Corporate Woods Storall, a 99,180 square foot storage facility located in Magnolia, Texas.
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, an Austin-based LLC. “The Seller had only owned the facility for less than a year when we started the marketing process, but by implementing a marketing process that produced numerous offers, the Seller was able to make a solid and quick exit,” said Knobler. “It certainly doesn’t hurt that there have been several entrants into the boat and RV storage sector that are backed by institutional equity.” The Buyer, a Texas-based LLC, was also secured by Knobler and LeClaire.
“The Seller had only owned the facility for less than a year when we started the marketing process, but by implementing a marketing process that produced numerous offers, the Seller was able to make a solid and quick exit.”
Corporate Woods Storall sits on the edge of The Woodlands where the average household income is over $166,000 within three miles. The facility sits just off FM 1488 which with traffic counts of over 33,000 is the major thoroughfare connecting The Woodlands to Magnolia and is experiencing rapid high demographic population growth. With premium amenities such as wide concrete driveways, state of the art security cameras, concrete driveways and parking surfaces throughout the facility, automatic door alarms, power, and lights in the vast majority of the units, and boat wash stations the facility sets itself apart from the competition as the highest quality boat & RV storage facility in the trade area.