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, announced the sale of UpLift Self Storage, a 454-unit self-storage facility in Melissa, Texas.

Adam Schlosser, Executive Managing Director Investments, and Charles “Chico” LeClaire, Executive Managing Director Investments, in Marcus & Millichap’s Denver office, together with Dave Knobler, Senior Managing Director Investments in the firm’s Houston office, represented the seller in the transaction. “The market response was a clear reminder that even underperforming facilities can attract significant interest when the fundamentals and location are right. We saw a deep bench of qualified buyers eager to compete,” said Adam Schlosser, Executive Managing Director Investments.

“The market response was a clear reminder that even underperforming facilities can attract significant interest when the fundamentals and location are right. We saw a deep bench of qualified buyers eager to compete.”

Completed in 2021, UpLift Self Storage comprises eight single-story buildings with a mix of climate-controlled and drive-up storage units. UpLift Self Storage sits less than one mile from both US Highway 75 and Texas State Highway 121, directly across from the Dutch Bros corporate headquarters and a half mile from Buc-ee’s, within a trade area with a current population of 34,362 that is projected to grow 21.6 percent over the next five years and average household incomes exceeding $172,000.

The LeClaire-Schlosser Group of Marcus & Millichap specializes in the sale of self-storage properties nationwide. For more information on this transaction or other self-storage investment opportunities, contact the LeClaire-Schlosser Group.