Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Huffmeister Boat & RV Storage, a 44,407-square foot self-storage located in Cypress, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The asset also featured around 20,000 feet of recently constructed covered parking.
Dave Knobler, First Vice President Investments and Casey Kral, Associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. “Casey and I used a tremendous amount of teamwork to get the transaction closed. We both brought multiple offers to the table for our Seller” said Knobler. The buyer, a private investor, was secured and represented by Casey Kral and Dave Knobler.
Huffmeister Boat & RV Storage is located at 13924 Schmidt Road in Cypress, Texas. There are about 102,000 people living within 3 miles of the facility and the average household income is almost $106,000. The trade area has grown by nearly 15 percent in the last decade. The property sits about 2/10 of a mile from Huffmeister Road which is a busy corridor that with other major thoroughfares such as West Road, State Highway 6, US Highway 290 and Telge Road.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.
