Marcus & Millichap Facilitates Texas Storage Sale

Karr Self Storage, in the company’s Fort Worth office, brokered the sale of a two-building self storage property comprising 578 units in Texarkana, Texas.
Payless Storage

The Karr Self Storage group of Marcus & Millichap has arranged the sale of Payless Storage, a two-building, 87,600-square-foot self storage facility in Texarkana, Texas. The brokerage team worked on behalf of the seller, a Texarkana-based limited liability company, and the buyer, a private investor located in New York City.

Situated on 15 acres at 927 N. Robinson Road, the 587-unit facility is near Freeway 67 and Interstate 369, and is approximately 2 miles from downtown Texarkana. Features of the storage property include climate-control, computerized gates with coded access, security lights and drive-up access. Additional services include truck and trailer rental options, on-site management, RV & boat storage, as well as boxes, moving supplies and locks.

The brokerage team included Director Brandon Karr and Senior Associate Danny Cunningham at Marcus & Millichap’s Fort Worth office. In an interview with Commercial Property Executive, Cunningham commented on the Texas self storage market and where the sector might be heading in the next several years.

Image courtesy of Marcus & Millichap