DALLAS, TEXAS, May 14, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Oak Cliff Bargain Storage, a 38,800-square-foot self-storage facility located in Dallas, Texas, according to Kyle Palmer, Vice President/Regional Manager of the firm’s Fort Worth office.
Brandon Karr and Danny Cunningham, both founding members of the Karr Self-Storage team in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a national storage operator headquartered in the Pacific Northwest who purchased the facility from Mr. Cunningham and Mr. Karr in 2015. The buyer, a private investor with storage facilities located throughout the United States, was secured by Mr. Cunningham and Mr. Karr as well.
Oak Cliff Bargain Storage is located at 3316 Hansboro Avenue in Dallas, Texas. The facility was built in 1973 and underwent major renovations and improvements in 2015. It features a newly remodeled on-site manager’s residence, modern office and showroom, garage-style roll up doors, concrete block construction, wide driveways, 16 video surveillance cameras, perimeter fencing, personalized key-pad gated entry, and solar-powered, motion-activated lighting.