Press Releases
Marcus & Millichap Announces the Sale of a 73,263-Square-Foot Self-Storage Facility in Texas
January 08, 2024
AUSTIN, Texas, January 8, 2024 – 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 Austin, TX Storage Development Opportunity, a 73,263-square-foot self-storage facility located in Austin, Texas.
Brian Kelly, Brett R. Hatcher, Gabriel Coe, and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Tim Speck, Texas Broker of Record, assisted in closing this transaction.
Austin, TX Storage Development Opportunity is located about six and a half miles south of downtown Austin, Texas. Once built, this self-storage development will feature 786 units which will make up 73,263 net rentable square feet. It will be situated on 3.52 acres of land and will benefit from excellent street visibility.
Brian Kelly, Brett R. Hatcher, Gabriel Coe, and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Tim Speck, Texas Broker of Record, assisted in closing this transaction.
Austin, TX Storage Development Opportunity is located about six and a half miles south of downtown Austin, Texas. Once built, this self-storage development will feature 786 units which will make up 73,263 net rentable square feet. It will be situated on 3.52 acres of land and will benefit from excellent street visibility.
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About Marcus & Millichap, Inc. (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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
