Marcus & Millichap Brokers Sale of 529-Unit Self-Storage Portfolio in Monahans, Texas

by Taylor Williams

MONAHANS, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of five self-storage facilities totaling 64,200 net rentable square feet across 529 units in Monahans, located just outside of Midland in West Texas. Known as the Double D Storage Portfolio, the facilities were originally developed on a combined 4.5 acres in 1993 and were 98 percent occupied at the time of sale. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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