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 Big Space Storage, a 137,760-square foot storage facility located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

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 partnership. “The property is more of a Utility/Commercial storage facility rather than a traditional Boat/RV Storage or self-storage property and consequently the Buyer pool isn’t quite as deep however we generated 6 offers in a span of 12 days” said Knobler. He added that “the existing cashflow, quality of the asset, and potential to increase revenue were certainly selling points. The buyer, a limited liability company, was secured by Dave Knobler and Casey Kral.

Big Space Storage is located at 11847 Spears Road in Houston, Texas and was built in 2016.

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.