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Brandon Karr & Danny Cunningham Of Marcus & Millichap Close Sale Of Lorena Mini Storage Self Storage In Texas

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SOLD

Texas

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Self Storage22,794 SF
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Brandon Karr & Danny Cunningham Of Marcus & Millichap Close Sale Of Lorena Mini Storage Self Storage In Texas

1530 North Houston Street

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Self Storage22,794 SF
Sold
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Summary

TEXAS
Asset Type:Self Storage
Price Per Square Foot:$0
Total Square Footage:22794 SF
Transaction Type:Sale

The Lorena Mini Storage is a self-storage facility located at 1530 North Houston Street in Lorena, Texas. The property spans 22,794 rentable square feet and was recently sold in a transaction facilitated by Brandon Karr and Danny Cunningham of Marcus & Millichap.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: Not disclosed
  • Market: Lorena
  • Brokers: Brandon Karr & Danny Cunningham - Marcus & Millichap
  • Seller: Dallas-Fort Worth based private investor
  • Buyer: Waco, TX based commercial real estate investment group

Danny Cunningham and Brandon Karr, representing the seller and securing the buyer, successfully closed the deal for Lorena Mini Storage. The property's listing success within a larger portfolio, coupled with its current income stream and future potential, garnered significant buyer interest, resulting in a seamless escrow process and closure at the agreed-upon sales price.

Players

Brandon Karr
49 deals$7M volume(817) 932-6163
BROKER

Danny Cunningham
Marcus & Millichap
40 deals$13.4M volume(817) 932-6141
BROKER

Details

SOLD
IMAGE: Brandon Karr & Danny Cunningham DATE: 05/14/2024 ADDRESS: 1530 North Houston Street MARKET: Lorena ASSET TYPE: Self Storage ~ SF: 22,794 BROKERS: Brandon Karr & Danny Cunningham - Marcus & Millichap (@MarcusMillichapinc) NOTE: Marcus & Millichap announced the sale of Lorena Mini Storage, a 22,794 rentable-square foot self-storage facility in Lorena, Texas, with investment specialists Danny Cunningham and Brandon Karr representing the seller, a Dallas-Fort Worth based private investor, and securing the buyer, a Waco, TX based commercial real estate investment group. Cunningham highlighted the property's individual listing success within a larger portfolio, citing buyer interest driven by both its current income stream and future potential, leading to a smooth escrow process and closure at the agreed-upon sales price.

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