Momentum Wealth Fund Acquires 192-Unit Self Storage Facility From Wilmer Storage LLC In Wilmer

The transaction involved a self-storage facility located at 407 Thorne Street in Wilmer, comprising 29,800 rentable square feet and 192 units. The asset covers an area of 3.4 acres and includes 26 single-story buildings. The property, built in 1979 and expanded in 2007, is positioned along Interstate 45 and is categorized as non-climate-controlled self-storage.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Address: 407 Thorne Street
• Market: Wilmer
• Square Footage: 29,800
• Units: 192
• Acres: 3.4
• Buyer: Momentum Wealth Fund
• Seller: Wilmer Storage LLC
• Brokers: Thomas Dickinson, Danny Cunningham & Brandon Karr - Marcus & Millichap

Marcus & Millichap facilitated the transaction, representing the seller, Wilmer Storage LLC, while procuring the buyer, Momentum Wealth Fund. The brokerage team consisted of Thomas Dickinson, Danny Cunningham, and Brandon Karr, who played a crucial role in the successful sale of the storage facility.