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 My Garage Storage, a 27,280 square foot storage asset located in Humble, 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, a Texas-based LLC. Dave Knobler had this to say about the opportunity, “We received several competitive offers as the market seemed to appreciate not only the quality of the asset, but it’s perceived stability. In addition to being well occupied, the property has a lot to offer – it’s close to IAH, 59 and the beltway and had some expansion land included as well.” The buyer is a Florida-based LLC.
“We received several competitive offers as the market seemed to appreciate not only the quality of the asset, but it’s perceived stability. In addition to being well occupied, the property has a lot to offer – it’s close to IAH, 59 and the beltway and had some expansion land included as well.”
My Garage Self Storage is located in Humble, Texas, a busy north Houston suburb approximately thirteen miles from downtown. The property sits on approximately 2.52 acres with three metal-framed single-story buildings consisting of 121 climate control units (10,900 NRSF), 88 drive-up non-climate storage units (11,450 NRSF), and an office warehouse building that’s nearly 5,000 square feet. There are also 21 outdoor parking spaces included in the unit mix. The facility was originally built in 2002 and has many amenities including, but not limited to, roll up doors, concrete driveways, perimeter wrought iron fencing and a full-service on-site manager’s office.