CROWLEY, Texas, Aug. 5, 2026 – 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 Gray Line Storage, a 161-unit self-storage property in Crowley, Texas.

“Our client, the seller, purchased the real estate through us when we exclusively marketed it for sale the first time, in 2022. As the years went by, we consistently provided the seller with relevant market insight and news, and after considering today’s complicated lending environment, he decided to sell the asset rather than attempt to refinance,” said Thomas Dickinson, associate investments.

Dickinson continues, “Our ability to market the facility to an extremely wide variety of qualified investors and serve as critical advisors throughout the escrow process proved particularly valuable on this deal. This was the buyer’s first self-storage acquisition, and we had to consistently navigate a dynamic landscape to keep the buyer and seller mutually aligned”.

Thomas Dickinson, Danny Cunningham and Brandon Karr, investment specialists in Marcus & Millichap’s Dallas and Fort Worth offices, had the exclusive listing to market the property on behalf of the seller, a New York-based venture capital group, and procured the buyer, a local real estate investor looking to expand their Dallas-Fort Worth footprint.

Gray Line Storage at 1520 Bean Drive, built in 2003, contains 133 drive-up storage units and 28 uncovered parking spaces. Located roughly 20 miles south from downtown Fort Worth, the Crowley market has been experiencing rapid growth, from both an economic and population perspective.

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