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 Right Move Storage at Mainland City Centre, a 67,455 square foot storage facility located in Texas City, Texas.
Dave Knobler, Senior Vice President 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 Galveston County-based LLC. “The owner took a downtrodden mall and turned it into one of the most popular mixed-use areas in Galveston County and, believe it or not, a storage facility sits in the heart of all the new development,” said Knobler. “The property enjoyed a fairly quick lease up and with the growth that Texas City is experiencing highlighted by the Lago Mar residential development, the Buyer should have a stable asset for years to come.”
“The owner took a downtrodden mall and turned it into one of the most popular mixed-use areas in Galveston County and, believe it or not, a storage facility sits in the heart of all the new development.”
Right Move Storage at Mainland City Centre is a self-storage facility in Texas City, Texas, a city on the southeastern end of the greater Houston area. The unit mix consists of 545 climate-controlled units totaling 64,455 NRSF and a 3,000 square foot space that houses the administrative offices of Mainland City Centre. A small 500-foot expansion containing five 10×10 units is slated to be complete in the third quarter of 2021 and is included in the unit mix. The building was originally a JC Penney built in 1991 and was converted to a storage facility in 2019. The property sits on an approximately three-acre parcel. Right Move Storage at Mainland City Centre features numerous amenities found in modern institutional quality storage facilities including, but not limited to, a full-service manager’s office and showroom, video surveillance cameras throughout the property, several personalized key-pad entrances, and multiple covered loading/unloading areas.