Texas + Retail | January 4, 2021

Massive Storage Facility Trades in Houston

Marcus & Millichap closed the sale of Strack Road Storage, a 198,005-square-foot self-storage facility in Houston. Terms of the sale weren’t disclosed.

Dave Knobler, first VP Investments in Marcus & Millichap’s Houston office, marketed the property on behalf of the seller, a local partnership. He also secured the buyer, national self-storage owner Merit Hill Capital, based in New York City with 130 properties in 30 states, including several in the Houston area.

“The activity was incredible for this offering,” said Knobler. “Over 175 qualified investors watched the marketing video within 24 hours, and there were several showings the first week with numerous competitive offers received. The property was formally put under contract 12 days after going on the market with an offer that would close by year-end.”

Strack Road Storage is located at 4717 Strack Rd. in Houston.

Photo courtesy of Marcus & Millichap.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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