Closed | Longview Climate Storage | 06/23/2021

Longview, TX 75604 | NRSF - 11,108 | 06/23/2021

COLLABORATIVE EFFORT SEES MARCUS & MILLICHAP ARRANGE THE SALE OF A 100% CLIMATE CONTROLLED SELF-STORAGE FACILITY

LONGVIEW, TEXAS, June 29, 2021 - 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 Longview Climate Storage, a 11,108-square foot self-storage facility located in Longview, Texas, according to Ford Noe, Regional Manager of the firm's Houston office

Dave Knobler, Senior Vice President Investments, and Mixson Staffel, Associate in Marcus & Millichap's Houston office, along with Brandon Karr, Senior Vice President Investments, and Danny Cunningham, First Vice President Investments, Marcus & Millichap's Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a Houston-based private investor. "The property was already well run and maintained by an outof-town storage owner, so it will serve as a terrific add-on for an existing East Texas operator", said Cunningham. Knobler added, "during our marketing campaign, we received a great deal of
activity in a short amount of time, but what really stood out was the amount of interest coming from both large institutional investors as well as small private investors." The buyer, a limited liability company, was secured by Dave Knobler, Brandon Karr, Danny Cunningham and Mixson Staffel.

Longview Climate Storage is located at 2000 Jahan Trail in Longview, Texas.