Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Dallas-Fort Worth  + Industrial  | 
Marcus & Millichap has announced the sale of Paluxy Drive Self Storage

Marcus & Millichap Negotiates Sale of 35,892-SF Self-Storage Facility in Tyler, TX

Marcus & Millichap announced today the sale of Paluxy Drive Self Storage, a 35,892-square foot self-storage facility located in Tyler, TX.

Brandon Karr, an investment specialist in Marcus & Millichap’s Fort Worth office, and leader of the Karr Self-Storage Team, had the exclusive listing to market the property on behalf of the seller, a family partnership located in Tyler.  Kerr and his team also represented the buyer, who is an East Texas investor in self-storage property. The transaction amount and the seller and buyer’s name was not disclosed. Located at 6435 Paluxy Drive, Paluxy Drive Self Storage was built in phases between 1999 and 2010.

“The Paluxy Drive Self Storage transaction was highly representative of what can be done in today’s Texas self-storage investment marketplace. Within only a few short weeks of taking the property out to market, we secured multiple offers from a variety of investor types,” said Karr.

Connect

Inside The Story

Marcus & Millichap

About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Sale/Acquisition