Press Releases
Marcus & Millichap Arranges Sale of 466-Unit Self-Storage Property in Crowley, Texas
February 09, 2026
CROWLEY, Texas, Feb. 9, 2026 – 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 Dry Dock & Lock, a 466-unit self-storage property in Crowley, Texas.
“The sale originated from a previously marketed self-storage property in Waxahachie that our team had formally listed on behalf of the same ownership group,” said Danny Cunningham, senior managing director investments. “While the Canadian buyer submitted a competitive bid on the Waxahachie asset, the property ultimately traded to another group. After narrowly missing out on the Waxahachie deal, the buyer immediately asked whether the sellers would consider parting with any other self-storage facilities in their portfolio. That conversation led directly to the Crowley property.”
Cunningham, Brandon Karr 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 return client. Cunningham and Karr procured the Canadian-based buyer.
“Following a short off-market negotiation period, the parties agreed to pricing and terms that were favorable to both sides,” added Cunningham. “The transaction closed on time and at the originally agreed-upon sales price. The only hiccup we encountered was related to an active oil and gas well located on the property. Fortunately, the seller’s team has extensive experience in that sector, and we were able to quickly understand and address the unique — and operationally unrelated — nature of the oil and gas leases and activity. Once that was resolved, the deal moved forward smoothly.”
Built in 2021, Dry Dock & Lock is situated on 20 acres at 2300 FM 1187. The property comprises a mix of enclosed, covered and uncovered parking options for boats, RVs and traditional storage needs across 200,940 rentable square feet.
“The sale originated from a previously marketed self-storage property in Waxahachie that our team had formally listed on behalf of the same ownership group,” said Danny Cunningham, senior managing director investments. “While the Canadian buyer submitted a competitive bid on the Waxahachie asset, the property ultimately traded to another group. After narrowly missing out on the Waxahachie deal, the buyer immediately asked whether the sellers would consider parting with any other self-storage facilities in their portfolio. That conversation led directly to the Crowley property.”
Cunningham, Brandon Karr 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 return client. Cunningham and Karr procured the Canadian-based buyer.
“Following a short off-market negotiation period, the parties agreed to pricing and terms that were favorable to both sides,” added Cunningham. “The transaction closed on time and at the originally agreed-upon sales price. The only hiccup we encountered was related to an active oil and gas well located on the property. Fortunately, the seller’s team has extensive experience in that sector, and we were able to quickly understand and address the unique — and operationally unrelated — nature of the oil and gas leases and activity. Once that was resolved, the deal moved forward smoothly.”
Built in 2021, Dry Dock & Lock is situated on 20 acres at 2300 FM 1187. The property comprises a mix of enclosed, covered and uncovered parking options for boats, RVs and traditional storage needs across 200,940 rentable square feet.
# # #
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.
