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 Security Mini Storage, a 74,800 square foot storage facility located in Beeville, 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 a Nevada based Seller. “Despite some rather tumultuous times in the market, we were able to achieve a great result for the Seller by finding a buyer who was in a 1031 exchange,” said Knobler. “At nearly 75,000 NRSF and 95 percent occupancy the property provides a good sized and stable investment in the Coastal Bend area of Texas.” The Buyer, a Colorado based limited liability company, was also secured by Dave Knobler and Charles “Chico” LeClaire.
“Despite some rather tumultuous times in the market, we were able to achieve a great result for the Seller by finding a buyer who was in a 1031 exchange. At nearly 75,000 NRSF and 95 percent occupancy the property provides a good sized and stable investment in the Coastal Bend area of Texas.”
Security Mini Storage is a 604-unit self-storage facility located in Beeville, TX which is approximately fifty miles northwest of Corpus Christi. The property sits on approximately 5.86 acres of land and has 21 single story buildings. The facility has numerous amenities including, but not limited to, video surveillance throughout the property, an automatic entrance gate with key code access, roll-up doors, asphalt driveways, and an on-site manager’s office.
