Closed | Right Move Storage | 02/03/2020
Fort Worth, TX 76116 | NRSF - 126,985 | 02/03/2020
MARCUS & MILLICHAP ARRANGES THE SALE OF A 126,985-SQUARE FOOT SELF-STORAGE FACILITY
FORT WORTH, TX, February 7, 2020 - The LeClaire Group and the Karr Self Storage Team of 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 Right Move Storage, a 126,985 square foot storage facility located in Fort Worth, Texas.
Dave Knobler, First Vice President Investments in Marcus & Millichap's Houston, Texas office and Charles "Chico" LeClaire, Executive Managing Director Investments in Marcus & Millichap's Denver, Colorado office, along with Danny Cunningham, First Vice President Investments, and Brandon Karr, Senior Vice President Investments in Marcus & Millichap's Fort Worth, Texas office had the exclusive listing to market the property on behalf of the seller. "We procured multiple offers almost immediately after hitting the market," said Knobler. "Having a facility attached to a shopping mall is certainly different, but it was the area's first new storage
development in several years and the market could sense the demand." The team of Knobler, LeClaire, Cunningham, and Karr also procured the buyer, Spartan Investment Group.
Right Move Storage is a Class A, institutional-quality facility resting on approximately 2.63 acres in Fort Worth, Texas. The property, previously a two-story Macy's Department Store operating in Ridgmar Mall, was converted into a self storage facility in 2019. Comprised of 1,070 interior climate-controlled units, the self storage facility features a modern manager's office and showroom, two-bay loading dock, 24-hour video surveillance cameras, multiple personalized keypad entrances, and a large freight elevator allowing convenient access to the lower level.
