Self-Storage

CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of a self-storage facility in the northern Dallas metro of Carrollton. Extra Space Storage operates the facility, which was built in 1996 and expanded in 2001. The facility totals 114,236 net rentable square feet of space across 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces. Brandon Karr of Marcus & Millichap represented the buyer and seller, both of which were locally based entities that requested anonymity, in the transaction.

GARLAND, TEXAS — Marcus & Millichap has brokered the sale of Storage Fit, a 140-unit self-storage facility in Garland, a northeastern suburb of Dallas. The facility is located at 3701 Dividend Drive and features 47,539 net rentable square feet. A West Coast-based 1031 exchange investor sold the property to a private, locally based investment group for an undisclosed price. Danny Cunningham and Brandon Karr of Marcus & Millichap brokered the deal.

HOUSTON — JLL has negotiated the sale of three self-storage facilities totaling 1,606 units in the Houston area that are operated under the Go Store It brand. The facilities are located at 2919 S. Highway 146 in the Bacliff area on the city’s southeast side and 12610 Tanner Road and 4100 W. 34th St. in northwest Houston. All three properties were built in the past 25 years and offer climate- and non-climate-controlled space. Matthew Wheeler, Adam Roossien, Brian Somoza and Steve Mellon of JLL represented the seller, a partnership between Madison Capital Group and affiliates of Cerberus Capital Management, in the transaction. Griffin Guthneck, also with JLL, arranged an undisclosed amount of acquisition financing for the purchase, which was part of a larger, 340,000-square-foot (net rentable) portfolio deal that included two facilities in Rhode Island. The buyer was not disclosed.