Marcus & Millichap Sells Prosper Self Storage In McKinney To Publicly Traded REIT

The Prosper Self Storage facility located at 5903 North Custer Road in McKinney was recently sold in a transaction facilitated by Marcus & Millichap. The property, built in 2009, comprises 460 units spanning 72,147 square feet. The sale involved a Dallas-based investor transferring ownership to a publicly traded REIT. Both the buyer and seller have chosen to remain anonymous, and the specific sales price has not been disclosed.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not Disclosed
• Units: 460
• Square Footage: 72,147
• Address: 5903 North Custer Road
• Market: McKinney
• Brokers: Brandon Karr & Danny Cunningham - Marcus & Millichap

Brandon Karr and Danny Cunningham of Marcus & Millichap played essential roles in the sale of the Prosper Self Storage property. The successful transaction involved the transfer of ownership from a local Dallas-based investor to a well-established publicly traded REIT, ensuring a smooth transition of the asset. The involvement of these experienced brokers highlights the significance of industry expertise in closing such deals efficiently and effectively.