Marcus & Millichap Arranges Sale of Texas Storage Facility

The sale includes two facilities located less than one mile from each other in Ingram, Texas. The company represented the seller and also procured the buyer in the deal.
Lone Star Mini Storage

Marcus & Millichap has arranged the sale of two Lone Star Mini Storage properties, totaling 45,680 square feet, located in Ingram, Texas. Marcus & Millichap represented the seller and secured the buyer—both of which are limited liability companies.

Located at 2824 and 3154 Junction Highway, the facilities are within one mile of each other, just off Highway 27 and approximately 74 miles from downtown San Antonio. The assets comprise 351 units ranging in size between 50 and 200 square feet and feature climate control, drive-up access and security cameras.

“We see a great deal of interest from Texas and out of state investors for investment property in the Texas Hill Country,” said Jon Danklefs, investment specialist at Marcus & Millichap in prepared remarks. “Lone Star is the third self-storage property I sold in Bandera and Kerr Counties in the last 15 months and represents the 248th self-storage transaction by Marcus & Millichap in Texas.”

In June, Marcus & Millichap also brokered the sale of a 33,607-square-foot facility in Richland Hills, Texas.

Image courtesy of Marcus & Millichap