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 Noah’s Ark Self Storage, a 57,219 square foot storage facility located in San Antonio, 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, a San Antonio based LLC. “This is a trophy asset in a trophy area,” said Knobler. “And despite the Fed Funds Rate rapidly rising throughout our marketing campaign we were still able to achieve aggressive pricing for our client.” The Buyer, a publicly traded REIT, was also secured by Dave Knobler and Charles “Chico” LeClaire.
“This is a trophy asset in a trophy area. And despite the Fed Funds Rate rapidly rising throughout our marketing campaign we were still able to achieve aggressive pricing for our client.”
Noah’s Ark Self Storage is a 477-unit storage facility located in the affluent Stone Oak area in northern San Antonio, Texas. The property sits on approximately 1.23 acres of land and was constructed in 2013 and has an attractive stucco and block façade along with many amenities commonly found in Class “A” self-storage facilities. There are multiple entrances with digital keypad access, a spacious on-site management office, video surveillance throughout the facility, hallway lights on motion sensors, and concrete driveways to name a few.