Marcus & Millichap Facilitates Storage Sale in TX

The firm worked on behalf of the seller and secured the buyer in the transaction. The facility, located in Anna, comprises nearly 400 units.
Affordable Self Storage

Marcus & Millichap has arranged the sale of Affordable Storage, a 51,555-square-foot facility in Anna, Texas. The company worked on behalf of the seller, a private investor, and secured the buyer, a local storage owner. 

Situated at 13177 Highway 5, the storage facility occupies 6.7 acres near Route 75, around 16 miles from McKinney and 47 miles from Dallas. Affordable Storage was built in phases from 2004 to 2015 and comprises 76 climate-controlled and 312 non-climate-controlled storage spaces, as well as 20 enclosed and 16 covered boat/RV units.

Additional characteristics of the facility include garage-style roll-up doors, personalized key-pads, gated entry, perimeter fencing and lighting, 24-hour video surveillance and 63 parking spaces. The storage facility also offers on-site management and an office building that encompasses approximately 1,000 square feet. 

Marcus & Millichap’s brokerage team included First Vice President of Investments Brandon Karr and Senior Associate Danny Cunningham. In August, the firm also brokered the sale of two Lone Star Mini Storage properties, totaling 45,680 square feet in Ingram, Texas.

Image courtesy of Marcus & Millichap