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Houston-Based Firm Acquires 56.9K SF Self-Storage Facility In Forney, TX

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SOLD

Texas

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Self Storage56,900 SF
Sold 09/25/2023
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Property Image
SOLD

Houston-Based Firm Acquires 56.9K SF Self-Storage Facility In Forney, TX

7761 Fm 741

See Similar Deals
Self Storage56,900 SF
Sold 09/25/2023
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Summary

TEXAS
Asset Type:Self Storage
Price Per Square Foot:$0
Total Square Footage:56,900 SF
Transaction Type:Sale

A 56,900-square-foot self-storage facility located at 7761 Farm-to-Market 741 in Forney, TX has been sold by Marcus & Millichap. The property, originally constructed in 2017 by a Dallas-Fort Worth family partnership, was recently acquired by a Houston-based real estate investment firm. Despite encountering challenges during the escrow process, the sale was successfully facilitated by Marcus & Millichap's Karr-Cunningham Storage Team.

Summary of transaction details:

The Karr-Cunningham Storage Team, representing Marcus & Millichap, played an instrumental role in facilitating the sale of Bin 741 Storage. Overcoming obstacles during the escrow process, the team successfully closed the deal, resulting in the transfer of ownership from the Dallas-Fort Worth family partnership to the Houston-based real estate investment firm.

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: Danny Cunningham & Brandon Karr DATE: 09/25/2023 ADDRESS: 7761 Farm-to-Market 741 MARKET: Forney ASSET TYPE: Self Storage ~ SF: 56,900 BROKERS: Danny Cunningham & Brandon Karr - Marcus & Millichap (@MarcusMillichapinc) NOTE: Marcus & Millichap has sold Bin 741 Storage, a 56,900-square-foot self-storage facility in Forney, TX. The property, originally built in 2017 by a Dallas-Fort Worth family partnership, was purchased by a Houston-based real estate investment firm, facilitated by Marcus & Millichap's Karr-Cunningham Storage Team, despite facing challenges during the escrow process.

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