BEAUMONT, 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 Purely Portfolio, a seven property self-storage portfolio located in 5 cities in Southeast Texas. The asset has 2,627 units and 389,501 net rentable square feet.
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 California-based LLC. “The portfolio touched about every corner of the Golden Triangle and gives the new owner immediate scale,” said Knobler. “Many of the properties are near some exciting new developments.” LeClaire added, “The most recent seller and the previous seller, who was carrying paper on the facilities, agreed to finance the recent trade to help facilitate the closing.” The Buyer, a North Carolina-based LLC, was also secured by Dave Knobler and Charles “Chico” LeClaire.
“The portfolio touched about every corner of the Golden Triangle and gives the new owner immediate scale. Many of the properties are near some exciting new developments.”
The Purely Storage Portfolio has locations at 6045 College Street and 210 Interstate 10 South in Beaumont, 6111 Gulfway Drive in Groves, 2214 Spurlock and 2839 Highway 69 North in Nederland, 110/210 Tenney Street in Bridge City, and 603 Foreman Road in Orange.