Press Releases
Marcus & Millichap Arranges Sale of 246-Unit Self-Storage Property in Cibolo, Texas
November 19, 2025
CIBOLO, Texas, Nov. 19, 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 Cibolo Storage, a 246-unit self-storage facility in Cibolo, Texas.
“We first connected with the seller more than six years ago and maintained a steady professional relationship throughout that time,” said Bryan Quaschnick, director investments. “When he decided it was the right moment to sell as part of his retirement strategy, he selected our team because of our consistent communication, deep understanding of the Texas self-storage market and our track record of delivering results for owners across the state.”
Quaschnick, Brandon Karr, Danny Cunningham and Jon Danklefs, investment specialists in Marcus & Millichap’s Fort Worth and San Antonio offices, had the exclusive listing to market the property on behalf of the seller, a private investor. Quaschnick, Karr and Cunningham also procured the buyer, a private investment group expanding their Texas footprint.
“For this assignment, we created a highly competitive market—generating more than a dozen written offers from qualified investors nationwide,” added Quaschnick. “That competitive process allowed us to secure the strongest price and terms available with a private investment group. Demand for stabilized and value-add storage assets remains exceptionally strong across the entire state of Texas, with investors consistently pursuing properties that offer both current income and operational upside.”
Cibolo Storage sits on 2.14 acres at 325 FM 1103 and consists of 28,000 rentable square feet across nine buildings, offering non-climate-controlled units with drive-up access, perimeter fencing, keypad gate entry, and 24-hour video surveillance. Located just northeast of San Antonio and near Joint Base San Antonio–Randolph, the facility benefits from strong population growth and sustained storage demand. The property was 84% occupied at the time of sale.
“We first connected with the seller more than six years ago and maintained a steady professional relationship throughout that time,” said Bryan Quaschnick, director investments. “When he decided it was the right moment to sell as part of his retirement strategy, he selected our team because of our consistent communication, deep understanding of the Texas self-storage market and our track record of delivering results for owners across the state.”
Quaschnick, Brandon Karr, Danny Cunningham and Jon Danklefs, investment specialists in Marcus & Millichap’s Fort Worth and San Antonio offices, had the exclusive listing to market the property on behalf of the seller, a private investor. Quaschnick, Karr and Cunningham also procured the buyer, a private investment group expanding their Texas footprint.
“For this assignment, we created a highly competitive market—generating more than a dozen written offers from qualified investors nationwide,” added Quaschnick. “That competitive process allowed us to secure the strongest price and terms available with a private investment group. Demand for stabilized and value-add storage assets remains exceptionally strong across the entire state of Texas, with investors consistently pursuing properties that offer both current income and operational upside.”
Cibolo Storage sits on 2.14 acres at 325 FM 1103 and consists of 28,000 rentable square feet across nine buildings, offering non-climate-controlled units with drive-up access, perimeter fencing, keypad gate entry, and 24-hour video surveillance. Located just northeast of San Antonio and near Joint Base San Antonio–Randolph, the facility benefits from strong population growth and sustained storage demand. The property was 84% occupied at the time of sale.
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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.
