Press Releases
Marcus & Millichap Arranges Sale of Two-Property Self-Storage Portfolio in Elgin, Texas
May 21, 2026
ELGIN, Texas, May 21, 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 Solid Ground Storage Portfolio, a two-property self-storage asset totaling 126,038 rentable square feet in Elgin, Texas.
“Elgin continues to attract investor attention as residential and commercial growth expands farther east of Austin,” said Dave Knobler, senior managing director investments. “The portfolio’s visibility along U.S. Highway 290, recent facility expansion and location within a rapidly growing trade area generated strong interest from buyers seeking scale in a high-growth self-storage market.”
Knobler and Mixson Staffel of Marcus & Millichap’s Houston office, along with Charles “Chico” LeClaire of the firm’s Denver office and Jon Danklefs of the San Antonio office, had the exclusive listing to market the property on behalf of the seller, the original developer of the 505 W. U.S. Highway 290 facility and partial developer of the 1210 U.S. Highway 290 facility. The team also procured the buyer, a Texas-based LLC.
Solid Ground Storage Portfolio consists of two self-storage facilities located at 505 W. U.S. Highway 290 and 1210 U.S. Highway 290, approximately seven-tenths of a mile apart. Together, the properties span approximately 8.42 acres and feature a combined 1,087 units. Originally constructed in 2015, the property was expanded with two single-story buildings in 2021 and a 36,000-square-foot multistory building completed in late 2023.
“Elgin continues to attract investor attention as residential and commercial growth expands farther east of Austin,” said Dave Knobler, senior managing director investments. “The portfolio’s visibility along U.S. Highway 290, recent facility expansion and location within a rapidly growing trade area generated strong interest from buyers seeking scale in a high-growth self-storage market.”
Knobler and Mixson Staffel of Marcus & Millichap’s Houston office, along with Charles “Chico” LeClaire of the firm’s Denver office and Jon Danklefs of the San Antonio office, had the exclusive listing to market the property on behalf of the seller, the original developer of the 505 W. U.S. Highway 290 facility and partial developer of the 1210 U.S. Highway 290 facility. The team also procured the buyer, a Texas-based LLC.
Solid Ground Storage Portfolio consists of two self-storage facilities located at 505 W. U.S. Highway 290 and 1210 U.S. Highway 290, approximately seven-tenths of a mile apart. Together, the properties span approximately 8.42 acres and feature a combined 1,087 units. Originally constructed in 2015, the property was expanded with two single-story buildings in 2021 and a 36,000-square-foot multistory building completed in late 2023.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
