MADISONVILLE, TX | Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of D&J Storage, a 41,740-square foot self-storage facility located in Madisonville, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The property contains many amenities typically found in class A self-storage facilities including, but not limited to, a gated entry with a digital keypad, full service on-site management office, video surveillance, and concrete driveways.
Dave Knobler, Senior Vice President Investments in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. “We received multiple offers from buyers with regional and national footprints,” said Knobler, “but the winning bidder was actually a buyer Jordan knew in Utah who was in a 1031 exchange after having recently sold a ranch. It was incredible collaboration!” The buyer, an individual/personal trust, was secured and represented by Jordan Farrer, Associate in the firm’s Salt Lake City office and Charles “Chico” LeClaire, Executive Managing Director Investments and Adam Schlosser, Senior Vice President Investments in Marcus & Millichap’s Denver office. Farrer added, “It was great working with Dave on this transaction; he is a true professional in the storage space and made this a win-win for the buyer and seller.”
“It was great working with Dave on this transaction; he is a true professional in the storage space and made this a win-win for the buyer and seller.”
Madisonville is the county seat of Madison County and a portion of the workforce works in the local government. Additional economic drivers include the corporate headquarters for Texas Pride Trailers that supplies approximately 600 jobs, one of the highest grossing revenue Buc-ees in the chain, and a Walmart that is ¼ mile from D&J Storage. Also calling Madisonville home is Monterey Mushrooms Inc. which employs 540 people at its local plant and is the largest mushroom producer in the United States. Located about 30-45 minutes from Huntsville and Bryan/College Station, Madisonville offers residents small town charm, but also convenience to larger economic centers. The facility fronts on State Highway 21/US Highway 190 which is the primary thoroughfare through Madisonville and connects Central Texas and the Brazos Valley to the Piney Woods of East Texas and the Louisiana border. Approximately 9,000 vehicles pass by the facility daily.
D&J Storage is located at 1900 East Main Street in Madisonville, Texas.