Closed More Space Storage Center
Odessa, TX 79762 | NRSF - 92,562 | 10/29/2019
MARCUS & MILLICHAP ARRANGES THE SALE OF A 92,562-SQUARE FOOT SELF-STORAGE FACILITY
ODESSA, TEXAS, October 30, 2019 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of More Space Storage Center, a 92,562-square foot self-storage facility located in Odessa, Texas, according to Mark R. McCoy, Regional Manager of the firm's Fort Worth office.
Brandon Karr, Senior Vice President Investments in Marcus & Millichap's Fort Worth office and founder of the Karr Self-Storage team, marketed the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured by Mr. Karr.
More Space Storage Center is located at 6501 I-20 Business in Odessa, Texas. The property rests on approximately 4.95 acres, contains 611 units, and was 53 percent physically occupied at the time of closing. The facility was named the Texas Self-Storage Association's "Facility of the Year" in 2016 due to the institutional-quality of its construction and amenities.