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.
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.
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