FOUR TEXAS SELF-STORAGE PROPERTIES SELL FOR $32.6M

ODESSA AND MIDLAND, TEXAS — Marcus & Millichap has arranged the $32.6 million portfolio sale of four self-storage facilities located in Odessa and Midland. The four properties include Grandview Self-Storage Center in Odessa, West County Road Self-Storage Center in Odessa, Loop 250 Self-Storage Center in Midland and Midkiff Self-Storage Center in Midland. All four facilities feature climate- and dust-controlled units and are protected by video surveillance, individual door alarms and electronically controlled gate access. Brandon Karr of Marcus & Millichap's Fort Worth office represented the seller, a private developer, in the portfolio transaction. Karr also sourced the buyer, W.P. Carey Inc.