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 Inez Storage Portfolio, a two-property and 102,610 square foot storage asset located in Inez, Texas.

Dave Knobler, Senior Managing Director Investments, and Mixson Staffel, Investment Associate, in Marcus & Millichap’s Houston, Texas office, along with Charles “Chico” LeClaire, Executive Managing Director Investments in the Denver, Colorado office, marketed the property on behalf of the seller.  “Long before I decided to sell my facilities, I knew who I would be calling because of the reputation and professionalism of Marcus & Millichap. They were able to find a buyer in a tough market. The sale was made in a timely and professional manner, and I would highly recommend them!” said the seller, Mark James.  “A quality asset brought quality buyers,” said Knobler. “Despite the rural location we received several competitive offers from buyers around the country.” The buyer was a California-based family trust.

“Long before I decided to sell my facilities, I knew who I would be calling because of the reputation and professionalism of Marcus & Millichap. They were able to find a buyer in a tough market. The sale was made in a timely and professional manner, and I would highly recommend them!”

The Inez Storage Portfolio consists of Inez Storage and Beck Road Storage with the two locations being approximately 4.5 miles from each other. The properties sit on a combined 11.17 acres of land and have ten single-story buildings consisting of 483 total units. The unit mix contains 214 climate control units, 258 drive-up non-climate spaces, and 10 covered parking spaces. The facilities have numerous amenities including, but not limited to, video surveillance, gated entrances with digital key-code access, roll-up doors, and a full-service onsite manager’s office.