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Marcus & Millichap Negotiates Sale of Self-Storage Facility in Arlington, TX
Marcus & Millichap arranged the sale of Alpha Storage Centers, a 88,107-square foot self-storage facility located at 2920 Avenue F in Arlington, TX. The transaction amount was not disclosed.
Brandon Karr and Danny Cunningham, investment specialists in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private local investor. The buyer was 10 Federal Self Storage.
According to Mark R. McCoy, regional manager of Marcus & Millichap Fort Worth office, the property was unique in that it contained not only a self-storage facility, but also a large warehouse currently being leased by a commercial trucking company. In addition, the self-storage and warehouse spaces are actually part of a self-contained condo unit residing within a much larger building.
“Despite the inherent challenges that come with facilitating such a unique transaction, we diligently worked hand-in-hand with both the buyer and seller to overcome a variety of obstacles that presented themselves during the escrow period,” said McCoy.
- ◦Sale/Acquisition
