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 Strack Road Storage, a 198,005-square foot self-storage located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Dave Knobler, First Vice President Investments in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a local partnership. “The activity was incredible for this offering” said Knobler. “Over 175 qualified investors watched the marketing video within 24 hours, and there were 7 showings the first week with numerous competitive offers received. The property was formally put under contract 12 days after going on the market with an offer that would close by year end.” The Buyer -- national self-storage owner, Merit Hill Capital, based in New York with 130 properties in 30 states -- was secured by Dave Knobler.

Strack Road Storage is located at 4717 Strack Road in Houston, Texas.

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.