Kingcrest Communities Acquires Self Storage Property In Refugio

The self-storage facility located in Refugio, Texas, known as Affordable Mini Storage, was recently sold to Kingcrest Communities. The property comprises 126 units and sits on a 2.5-acre lot at 908 Bayou Road. Built in 2014, this facility offers the potential for future expansion, making it an attractive investment opportunity in the area.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Not disclosed
• Units: 126
• Acres: 2.5
• Address: 908 Bayou Street, Refugio, Texas
• Market: Refugio

Jon Danklefs of Marcus & Millichap played a pivotal role in facilitating this property transaction. He represented the undisclosed seller and successfully brought in Kingcrest Communities as the buyer for the sale of Affordable Mini Storage. The location of this self-storage facility, approximately 40 miles north of Corpus Christi, adds to its strategic importance within the region, underlining the significance of this deal.