Lakewood Realty Investments Acquires Self Storage In Magnolia For Spartan Storage | 7427 Fm 1488 | Ryan Dooley | Self Storage | Sale

Summary

Sale

TEXAS

Self Storage

19,998 sqft

The Spartan Storage facility, located at 7427 Fm 1488 in Magnolia, Texas, is a self-storage property with 64 units spanning 19,998 net rentable square feet. Lakewood Realty Investments, based in Houston, acquired the property in a recent transaction facilitated by Versal, a self-storage brokerage firm.

Summary of transaction details:

Property Type: Self Storage
Transaction Amount: Not Disclosed
Buyer: Lakewood Realty Investments
Buyer's Representative: Versal
Seller's Representative: Ryan Dooley - CRD Realty

Versal played an instrumental role in the successful sale of Spartan Storage, working with the buyer, Lakewood Realty Investments, while Ryan Dooley of CRD Realty represented the seller, a Texas-based LLC. The transaction underscores the ongoing activity and interest in the self-storage sector in the Montgomery, Texas market.

Players

All
2

Agents
1
Agencies
1

Ryan Dooley

President

CRD Realty

Details

Deal Summary

SOLD

IMAGE: Ryan Dooley DATE: 04/04/2024 ADDRESS: 7427 Fm 1488 MARKET: Magnolia ASSET TYPE: Self Storage ~ SF: 19,998 ~ UNITS: 64 BUYER: Lakewood Realty Investments BUYER'S REP: Versal SELLER'S REP: Ryan Dooley - CRD Realty NOTE: Versal, a self-storage brokerage firm, facilitated the sale of Spartan Storage, a 64-unit facility in Montgomery, Texas, with 19,998 net rentable square feet. Houston-based Lakewood Realty Investments purchased the property, represented by Versal, while the seller, a Texas-based LLC, was represented by Ryan Dooley of CRD Realty.

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Address7427 Fm 1488

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