Press Releases
Marcus & Millichap Arranges Sale of 114,236-Square-Foot Storage Facility in Carrollton
April 07, 2025
CARROLLTON, Texas, April 7, 2025 – 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 Extra Space Storage, a 114,236-square-foot privately-owned, REIT-managed facility located in Carrollton, Texas.
“In today’s transaction environment, economically stabilized, infill facilities located in a primary market like the Dallas-Fort Worth Metroplex are hard to come by,” said Brandon Karr, senior managing director investments in Marcus & Millichap’s Fort Worth office. “For that reason, we were able to create a robust bidding environment that ultimately yielded more than 10 offers to purchase the facility. Those offers came from a wide range of buyers, but ultimately, we selected a family office with a national portfolio. Once in escrow, we worked closely with both parties to facilitate a transaction in under 45 days, start to finish.”
Karr exclusively marketed the property on behalf of the seller, a local mom-and-pop operator, and also procured the Dallas-based buyer.
Built in 1996 and expanded in 2001, the facility sits on two adjacent parcels at 2422 Marsh Lane. It includes 143 climate-controlled units, 448 drive-up units, six office suites, and 101 uncovered parking spaces. The property also has a leasing office, a two-bedroom manager’s residence, gated keypad access, 24-hour video surveillance and perimeter fencing.
“In today’s transaction environment, economically stabilized, infill facilities located in a primary market like the Dallas-Fort Worth Metroplex are hard to come by,” said Brandon Karr, senior managing director investments in Marcus & Millichap’s Fort Worth office. “For that reason, we were able to create a robust bidding environment that ultimately yielded more than 10 offers to purchase the facility. Those offers came from a wide range of buyers, but ultimately, we selected a family office with a national portfolio. Once in escrow, we worked closely with both parties to facilitate a transaction in under 45 days, start to finish.”
Karr exclusively marketed the property on behalf of the seller, a local mom-and-pop operator, and also procured the Dallas-based buyer.
Built in 1996 and expanded in 2001, the facility sits on two adjacent parcels at 2422 Marsh Lane. It includes 143 climate-controlled units, 448 drive-up units, six office suites, and 101 uncovered parking spaces. The property also has a leasing office, a two-bedroom manager’s residence, gated keypad access, 24-hour video surveillance and perimeter fencing.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
