Marcus & Millichap Arranges The Sale Of A Self-Storage Facility With Freeway Frontage And Expansion Land In Bryan, Texas
BRYAN, TEXAS, September 10, 2021 – 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 Premier Mini Storage, a 12,150-square foot self-storage facility located in Bryan, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.
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. “The owner had only owned the asset for around a year, but I was confident that between the Seller’s continued work stabilizing the asset and the overall market conditions we would meet Seller expectations,” said Knobler.
The property was constructed in 1993 and features several amenities including a wrought iron entrance gate with keycode access, video surveillance throughout the facility, concrete driveways, perimeter chain link fencing, and units with roll-up doors.
Premier Self Storage fronts on Earl Rudder Freeway (Highway 6), the primary thoroughfare in Bryan-College Station and benefits from daily traffic counts of nearly 40,000. Anchored by Texas A&M University, the Bryan-College Station area has been a rapidly growing area in Texas for several years. The immediate area has seen over 10 percent growth the past decade and is in the path of the area’s growth pattern. One project highlighting the area’s growth is a new Sunbelt Rentals dealership being constructed adjacent to Premier Self Storage. There are approximately 3.5 acres of expansion land included with the facility and only 5.17 square feet of self-storage per capita in the 3-mile trade area which is below Brazos County norms.
Premier Mini Storage is located at 1742 Earl Rudder Freeway in Bryan, Texas.
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About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.