Marcus & Millichap Brokers Sale Of Self Storage Facility In Odessa To Unknown REIT

The Advance A-1 Self Storage, a 411-unit facility located in Odessa, Texas, has been sold. The property situated on 3.2 acres at 3151 E. Business Loop 20 was brokered by Marcus & Millichap. The seller, a limited liability company, was represented by Dave Knobler and Mixson Staffel of Marcus & Millichap. The buyer, a REIT, was procured by the same representatives.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Address: 3151 E. Business Loop 20, Odessa, TX
• Market: Odessa
• Seller's Representative: Mixson Staffel (Marcus & Millichap)
• Buyer: Unknown REIT

Both the seller and the buyer in this self-storage facility transaction have chosen to remain anonymous. The involvement of Dave Knobler and Mixson Staffel of Marcus & Millichap, acting as representatives, was crucial in successfully closing the deal.