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 Stallion Storage, a 49,635 square foot storage facility located in New Caney, Texas, a rapidly growing area of Greater Houston.

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 local LLC.  “Having ties to not just the self-storage buyer pool, but a broader base of potential investors was essential in getting this transaction closed,” said Knobler. “The purchaser is historically an apartment, retail and industrial investor more so than self-storage, but was in a 1031 exchange, is a longtime client of the firm, and had previously owned a storage facility.” The buyer, a Michigan-based LLC, was also secured by Knobler, Staffel, and LeClaire.

“Having ties to not just the self-storage buyer pool, but a broader base of potential investors was essential in getting this transaction closed. The purchaser is historically an apartment, retail and industrial investor more so than self-storage, but was in a 1031 exchange, is a longtime client of the firm, and had previously owned a storage facility.”

Stallion Storage is a 178-unit self-storage facility that sits on just over 4.6 acres of land and was constructed in two phases between 2020 and 2022. There are seven single-story self-storage buildings along with 28 outdoor parking spaces in the unit mix. Stallion Storage has many amenities including a gated entry with a digital keypad, an on-site management office, 24/7 video surveillance throughout the facility, a concrete entrance, road base driveways with crushed concrete, and units with roll-up doors.