Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of A-Mini Storage, a 252 unit self-storage facility located in Pasadena, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Dave Knobler, First Vice President Investments, had the exclusive listing to market the property on behalf of the seller, a private investor. “Despite a low day one cap rate with minimal cash flow, 5 offers were generated in a relatively short amount of time.” The buyer, a Houston based limited liability company, was secured by Knobler. The transaction marked the 11th self-storage facility Knobler has closed in 2019.

A-Mini Storage is located at 3202 Preston Avenue in Pasadena, Texas.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.