Marcus & Millichap arranges sale of a self-storage facility outside of Houston

Marcus & Millichap brokered the sale of 290 Storage, a 53,015-square foot self-storage facility located in Cypress, Texas, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. Brian Kelly, Brett R. Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller. The facility was listed, moved under contract and closed all during the current COVID-19 pandemic. Tim Speck, regional manager and broker of record, assisted in closing this transaction. Located at 17433 Lewis Drive, the facility features 169 climate-controlled units and 118 non-climate-controlled units, totaling 53,015 net rentable square feet and is situated on five acres of land.