FRISCO, TEXAS, January 16, 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 Storage Solutions of Frisco, a self-storage facility located in Frisco, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.
Brandon Karr, First Vice President Investments in Marcus & Millichap’s Fort Worth office and founder of Karr Self-Storage, a team of Marcus & Millichap agents dedicated exclusively to the Texas self-storage industry, marketed the property on behalf of the seller, a limited liability company. The buyer, a corporation, was secured by Karr Self-Storage as well.
The terms of the sale are confidential, but the “Class A” facility, located at 6707 Eldorado Parkway in Frisco, Texas, features an on-site manager’s residence, excellent visibility from a major commercial and residential thoroughfare, 212 climate-controlled units, 280 non-climate drive-up units, and four parking spaces – all of which are located on the street level. The property features a “best-in-class video” surveillance system, perimeter fencing, personalized key-pad entry/exit gates, garage-style roll-up doors, and fire protection systems throughout the premises. The entire facility is located on one approximate 4.04 acre tract.