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Marcus & Millichap Arranges The Sale Of Central Northwest Houston Self-Storage Facility

January 19, 2022

HOUSTON, TEXAS, January 19, 2022 – 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 A-1 Mini Warehouses, a 270 unit self-storage facility located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Dave Knobler, Senior Vice President Investments, had the exclusive listing to market the property on behalf of the seller, a family scattered between Texas and Colorado. “The sale alleviated the management aspect for the Seller and allowed them to dissolve their partnership,” said Knobler. The buyer, a Houston based private investor, was secured by Dave Knobler, Senior Vice President Investments in Marcus & Millichap’s Houston office.

The facility fronts on Victory Drive less than 1/10th of a mile from the intersection of Antoine in a densely populated urban area with around 125,000 residents within three miles. The property is visible to nearly 15,000 vehicles per day on Victory Drive and another 19,000 that travel daily on Antoine Drive. The location is also just north of West Little York Road that sees another 13,000 vehicles each day. The A-1 Mini Warehouses of Houston signage is visible to traffic on all three thoroughfares. The facility is about midway between Loop 610 (Houston’s inner loop) and Beltway 8, Houston’s middle loop approximately nine miles from the Galleria and around 10 miles from downtown. Numerous employers and economic drivers are nearby such as Lone Star College Houston North Victory Campus which is 5/10 mile to the east and Aldine Eisenhower high school a mile to the north.

A-1 Mini Warehouses is located at 5819 Victory Drive in Houston, 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.

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