Marcus & Millichap Announces Sale of 26,400 Square Foot Georgetown Mini Storage in Texas

GEORGETOWN, Texas, Oct. 22, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Georgetown Mini Storage, a 26,400-square-foot self-storage facility in Georgetown, Texas.

"The seller is a repeat client who is retiring from the self-storage business," said Jon Danklefs, first vice president investments. "With our deep expertise in self-storage and net-leased retail properties, we were able to assist the seller on both sides of a 1031 tax-deferred exchange, providing significant benefit throughout the process."

Danklefs and Douglas Diffie, investment specialists in Marcus & Millichap's San Antonio and Austin offices, exclusively marketed the property on behalf of the seller. The buyer, Merit Hill Capital, was procured by Danklefs.

Located at 2220 N. Austin Ave., the self-storage property is near two major thoroughfares, Interstate 35 and Texas Toll Road 130. Built in 1983, the facility includes 144 non-climate-controlled units ranging from 50 to 300 square feet.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.