Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Storage Solutions of Frisco, a self-storage facility located in Frisco, Texas.

Even in the cities with the most new construction however, developers can still find opportunities to build new projects.

A flood of new supply is crimping growth in the self-storage sector

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of AAA Mini Storage and Westside Self Storage, a multi-property portfolio located in East Texas.

“The surge in construction of self-storage facilities across the country has been one of the biggest growth areas in the commercial real estate market”

Self-storage intellectual property has been fairly static, if not undeveloped.

Evaluating your self-storage investment opportunities

Proposed Tax Rules Subtly Affect Commercial Real Estate; Could Alter Capital Flows, Business Structures and Portfolio Strategies.

 

The good news is, as we move through the cycle, there will be new opportunities, ushering in the upswing of the next.

Setting goals for your social media program will give you guideposts for the types of content you post, the platforms you use and the frequency of postings required.

City land-use regulations vary greatly from city to city, and relying on a simple overview can often result in a design that fails to leverage a site’s maximum potential.

The tax-reform ball is back in the Senate’s court now that the House last week passed its version of a comprehensive tax plan.

In Texas, like a lot of the country, the self-storage people stopped building during the economic collapse. Since probably 2014 things really started to pick up. Right now it is at record levels across the country.

The key difference is understanding who’s residing within your market besides factual population data at an aggregate level.

This marks the seventh Compass Self Storage location in the greater Dallas/Ft. Worth market. It also brings the Compass Self Storage portfolio to 75 locations nationally.

City Line Capital could own more than 60 facilities in just three years’ time.

The two greatest impediments facing self-storage developers are finding a suitable site and securing approval from local government entities. Though every project and site is unique, these challenges are common to all ventures.

If your facility is in need of an update, do what you can to modernize it. Any improvement should help to bring in new business.

Could self-driving cars and ride-hailing services put a big dent in the self-storage sector? Or could the self-storage sector, as some industry observers foresee, actually enjoy the ride?

The 48-year-old Park Forest office campus is in a dense infill area of Dallas which has been gentrifying with millennials, resulting in demand greater than the number of self-storage units that can be built.

When it comes time to lease up a new or failing self-storage facility, every manager knows the basics: lower prices, post on aggregator sites, up your social media game, make sure you have a good website, and place some banner ads out on the Web.

If you were to ask self-storage developers to name the most difficult aspect to building a facility, most would probably say “finding the right land.” Ideally, you want to build close to dense areas of population, but if you can find a vacant parcel in a mature area, it may be too expensive or small to be financially feasible.

Mesquite is among several cities across Texas, including McKinney and Pearland, that have tried to annex land before a new law goes into effect Dec. 1, requiring certain cities to get the consent of a majority of property owners before annexing their land. City governments have said they are responding to the needs of urban growth and normal development. But residents say they just want to be left alone.

Storage facilities need little capital outlay or upkeep, their property taxes are modest, and net acquisitions in that sector have surged.

Once a sleepy corner of the real estate business, self-storage centers have become a $38 billion industry nationwide.

One way to ensure payments go smoothly is to educate the customer about his options and offer him choices from the get-go.

Republicans are now proposing to reduce the individual income taxes paid by pass-through owners by about $450 billion over 10 years.

The tax break is used widely among private-equity managers, venture capitalists, certain real estate investors and hedge fund managers.

One major way self-storage owners can improve business sustainability is by building and retrofitting storage facilities to be more environmentally sustainable.

As self-storage operators review their rental agreements for possible 2018 updates, the three hottest issues revolve around consent for text communication, arbitration for dispute resolution and mandatory tenant-insurance requirements. These are the newest topics being discussed as they consider provisional changes to their tenant leases.

The companies showed gains in key areas, particularly funds from operations (FFO) and net operating income (NOI), while also achieving increases in occupancy.

The wave of self-storage development makes Dallas one of the most oversupplied storage markets in the country.

Though overbuilding is of some concern, vacancies are expected to remain at or near 10.2% until the end of 2017. If oversupply should occur, research suggests it will be confined to the top five most active markets by volume, which account for approximately 40% of the 51.2M SF coming online this year. These markets are Dallas, Miami, New York, Houston and Atlanta.

Upon completion, The Keep Storage in San Antonio will offer more than 87,000 square feet of net rentable storage space across 645 units.

Officials at Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, believe the current rate of new facility supply coming to market has been largely overstated in terms of projects expected to follow through to completion this year and in 2018. The company forecasts development activity will peak between this year and the end of next year, followed by declines in 2019 and 2020, according to a press release.

The self-storage industry can expect a soft landing from the current surge of development activity, according to Dean Jernigan, CEO of the publicly-traded investment REIT Jernigan Capital.

International self-storage development is surging as major population centers continue to embrace the product and institutional funding looks for scalable development partners. Across the globe, hot spots are emerging, and professionally managed platforms are looking to expand. In addition, increasingly good industry data is becoming available, and better and more accurate information can be generated on these relatively young markets.

By Marcus & Millichap

Brandon Karr Among Top-10 National Self-Storage Group Agents Nationwide for Marcus & Millichap Through September 2017.

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The value of your self-storage property is like your blood pressure; it’s not something you need to track daily, but you should check it every few months to ensure the numbers are moving in the right direction. Unlike your blood pressure, however, you want to see your property value increase over time.

If you haven’t reviewed your facility’s value in several years, there’s a good chance you’ll be very pleased. Low mortgage rates for commercial properties and high demand for self-storage investments have driven up the price buyers are willing to pay. If you’ve considered selling your facility in the last few years or plan to exit soon, now’s an ideal time to find out how much your property is worth.

Since a storage facility is an investment for most buyers, property value is determined using net operating income (NOI) and capitalization (cap) rates. NOI is the money you have left after paying operating expenses, but before loan payments, income taxes and/or depreciation.

At first glance, it may appear as though the self-storage real estate investment trusts (REITs) are acquiring every property on the market. However, this is hardly the reality.

In this article, I’ll dispel some of the anxiety surrounding industry consolidation and discuss the related challenges and implications. I’ll also look at future trends while taking a big-picture view of what’s happening with self-storage ownership as we approach the next decade. Despite the belief that industry consolidation is occurring rapidly, the data demonstrates otherwise.

While the 2008 financial meltdown created stormy conditions for commercial real estate owners and lenders nationwide, the climate in the self-storage industry has been relatively mild, with a nice wind at our backs. With high occupancy rates and increasing rents alongside numerous attractive financing options, facility operators have seen their investments appreciate in recent years. Many have exploited low capitalization (cap) rates and sold their properties for great returns, while others have expanded and developed new sites. Many have also refinanced their loans to lower rates and recapture some equity.

Except for new-development financing, there have been few post-recession headwinds when seeking appealing loan alternatives, but don’t expect this calm weather pattern to last indefinitely. There are clear indications that atmospheric conditions are changing within the industry and the capital markets. This will affect your financing and refinancing options.

A DFW market report published in June by Argus notes that with self-storage occupancy rates sitting at record highs, “one should not be totally surprised by the number of new facilities that are or might be in the pipeline moving forward.”

While robots may be new to our industry, we feel they are going to play an integral part in operating an indoor self-storage facility in the future, so we are investing in pioneering this new technology for the industry,” Chiti says. “We feel the value-add of a robot will increase significantly as we integrate it with our call center, kiosks and access control system.

When adopting new technology for your self-storage business, don’t be afraid to make an investment. When you stick with established and recommended tech tools, you’re more likely than not making a really smart investment.

Tools like store management systems and websites come with a price, but they’re wise investments. If you keep careful track of expenditures for tech tools, you can compare those costs with your results and figure out your return on investment. When implemented wisely, tech tools can do a lot for your bottom line.

Even if you’re only able to connect with a fraction of its users, your return will be far superior to your reach with print ads, door hangers, chamber meetings and bench advertising. Keeping that in mind, here are five ways Facebook can help your self-storage business.

After completing a thorough market assessment, identify or revisit your business goals. Once you understand the market, you can evaluate potential amenities to add at your facility.

Nearly 40 percent of your impact on others is related to how you look! How does that convey when you address tenants who stop by the manager’s office or greet prospective customers who walk in to inquire about rentals?

In many industries, good customer service often feels rudimentary. But in self-storage, it can transcend the ordinary and become an unexpected cornerstone of business.

The most overlooked mishaps relate to environmental issues, permits/approvals, state department of transportation (DOT) requirements, cost estimating and bid specifics. All can be avoided with the proper research, planning and design.

By Marcus & Millichap

Brandon Karr Among Top-10 National Self-Storage Group Agents Nationwide for Marcus & Millichap Through August 2017.

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After this year you might start calling the Big D the Big S—as in self-storage.

The Dallas-Ft. Worth metro area has more than 9 million square feet of storage space under development, according to a new report released by Argus Self Storage. The increase in storage space amounts to a more than 16 percent increase over existing supply.

That amounts to 164 projects under some stage of development in 2017: 49 planned, 82 under construction or awaiting certificate of occupancy and 33 facilities in the lease up stage. The wave of self-storage development makes Dallas one of the most oversupplied storage markets in the country.

The Mele Group and Karr Self-Storage of Marcus & Millichap are pleased to announce a strategic self-storage advisory alliance in the Texas market.

Being a self-storage operator can seem overwhelming even on the best days. For many of us, the desire to improve leads us to seek education by attending industry conferences, reading articles and studying business rules. The problem is this quest for knowledge can create or grow frustrations and sometimes make us feel more incompetent than we really are. This journey is almost a rite of passage. It means we care and are trying!

Discussions about data use can be compared to a horde of teenage boys gossiping about the birds and the bees. Everyone is talking about it, but nobody really knows how to do it. Everyone thinks everyone else is doing it, so they claim they’re doing it. Well, guess what? You can be the one who’s actually doing it! Let’s review several reports on which I rely to improve my operation. Used effectively, they can benefit your business.

Before my partner and I created our self-storage company and sought to acquire our first facilities, we poured over industry data, attended tradeshows, examined local markets and analyzed potential competition. My simple theory was self-storage isn’t a real estate asset; it’s a business. That's what attracted us to it. We believed there was an opportunity based on that core principle.

We learned many people get into self-storage to create passive income from the real estate, not realizing they’re missing 50 percent of the opportunity. We believed we could purchase a decent piece of real estate, even if it was underperforming, and resuscitate the business aspects. This became our working strategy.

Blue Mound 287 Self Storage will be co-sponsoring a graffiti/street-arts festival in Fort Worth, Texas, on March 17, to benefit the Texas chapter of SPCA (Society for the Prevention of Cruelty to Animals) International, an animal rescue and support shelter. The “Art-On-A-Can” event will take place at Box Office Warehouse Suites, 11 a.m. to 5 p.m., featuring a pet-adoption clinic, food, live music, a St. Patrick’s Day costume contest, arts-and-crafts vendors, and a gallery walk featuring work from local street artists.

CNBC features Marcus & Millichap’s President and CEO Hessam Nadji for his insight on the impact of hurricanes Irma and Harvey on real estate markets in Florida and Texas.

The self-storage industry is in midst of a wonderful development boom. After several years of zero building—in all industries, really—building is back in a very big way. Lenders are providing the funds, new investors are entering the storage market, and existing owners are realizing their expansion dreams. It’s a great time to be in self-storage.

Still, there are some looking to put a kibosh on the party. Some city officials, worried about overbuilding, are putting bans in place to prevent self-storage from spreading too far, too fast. Case in point, officials in Margate, Fla., have officially banned ew all new storage development. They’re sticking with the current supply: nine sites in 9 square miles.

When making a purchase, many people look at online reviews to see if the product or company has a good reputation. Whether they’re signing up for a subscription service, renting a self-storage unit or just buying a new toothbrush, the fact is reviews can make a huge impact in their buying decision.

Once you’ve found the right land parcel on which to build a self-storage facility, the next step is to create the ideal site layout and unit mix, which is both art and science. How wide should the buildings be, and how should they be positioned? What size units should you include? How wide should you make the drive aisles? Following are some factors to help determine what to build and how to build it.

Adding a cell tower to your self-storage property can generate new revenue. However, many facility owners continue to make the same mistakes when it comes to negotiating and structuring the cell-tower lease—and it’s becoming costly. The average landlord throws away more than $852,400 during the life of a typical cell-tower lease, and this amount continues to grow.

To ensure you’re getting the most from this add-on profit center, here are five tips to maximize the cell-tower lease revenue at your self-storage property.

Inside Self-Storage (ISS) has released its 2017 Top-Operators Lists, ranking the industry’s top 100 facility owners and top 50 third-party management companies by net rentable square feet. The lists include facility and brand owners, independents and property-management firms. The data also features contact information, expansion plans, and each company’s number of locations and units. The lists are featured in the October issue of ISS magazine and available online.

One in five online page views in America occurs on Facebook. This means potential self-storage customers may not find your website, but there’s a good chance they’ll see your Facebook business page.

The Social Skinny, a blog focusing on strategy for social media, reports that more than 500 comments are posted every single minute on Facebook, which hosts 50 million small-business pages. If your self-storage facility doesn’t have an active, robust Facebook account, odds are high that your competitors do. Below are some creative posting ideas to keep your Facebook page fresh and engage your potential and current renters.

Initial Combined Damage Estimates See $29 Billion in Commercial Property Losses, $150-$200 Billion Economic Impact from Back-to-Back Natural Disasters

Demand for storage space jumps in Houston as residents look to put belongings away and focus on rebuilding.

By Marcus & Millichap

The toll of Hurricane Harvey continues to mount as residents join government officials and insurance companies in assessing the destruction. Damage to 200,000 homes across the region as well as infrastructure and commercial properties will create significant short-term hurdles, but Houston is uniquely positioned for recovery.

Key Findings:

  • Hotels will support short-term housing needs, with occupancies rising significantly as displaced households fill rooms.
  • Apartment demand is likely to surge. The significant apartment construction of recent years will be quickly absorbed.
  • The recovery process will bolster the Houston employment market, creating a short-term surge in hiring and economic growth.

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By Inside Self Storage

It all started when you found some land in a great location and thought, “Why not self-storage?” You were still new to the industry and, at times, unsure of yourself, but you kept going. You had to work with the municipal leaders to get your facility approved, and then with contractors to get it built. Finally, the doors opened.

Now, fast forward a couple of years, and you couldn’t be more proud. Your facility has done well. It’s met occupancy and revenue targets, employs several highly talented people and is a solid business in your community. Even with all this success, though, you’re starting to feel something—getting that itch. You’d like to see your kids more or take your significant other on that trip you’ve been talking about. One day, you sit up in your chair, look at the clock, walk over to the coffee-maker, and it hits you: “I want to do something else.”

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By Houston Chronicle

Self-storage lockers are filling up as Hurricane Harvey victims seek a place for their belongings while they rebuild or prepare to move.

The market is further constrained because some storage facilities suffered flood damage as well.

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By REBusiness Online

Speaking to a panel of real estate professionals in the 1980s on the dangers of overbuilding during a period of economic expansion, Dallas real estate magnate Trammell Crow offered lenders in the crowd a simple proposition: “If you stop lending, I’ll stop developing.”

Thirty-one years later, the nature of that relationship has manifested in the Texas self-storage market. After minimal delivery of self-storage properties in 2012 and 2013, development began to surge in 2014. The Texas Self Storage Association (TSSA) estimates that there are now roughly 6,500 facilities statewide, and local sources concur that unit growth from 2014 to the present has been somewhere in the neighborhood of 350 new facilities per year.

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By Inside Self Storage

With fall approaching, many self-storage operators are determining the best ways to allocate funds for their annual budget. Between efforts to promote the business, capital improvements to the property, a plan to hire new employees and other line items, some important expenditure considerations can get overlooked. One such item that may seem trivial at first is actually a crucial element of any commercial property—fencing that surrounds the perimeter of your property or encloses various sections within it.

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By List Self Storage

Construction is the main component of many self storage projects. From site plans to budgets, having a team to handle the ins and outs of the process is critical. At Live Oak Bank, our in-house construction loan team handles over 442 projects including dental offices, hotels and self storage facilities. Currently, the construction loan team is working on 63 self storage projects. We asked construction loan officer, Barrett Zurbruegg, to provide insight on her role and how the self storage construction loan team is an added bonus to Live Oak borrowers.

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By Inside Self Storage

Though it’s still early in the process and talking heads on both sides of the political aisle will continue to debate President Trump’s proposed tax changes, amid all the media speculation, no one is talking about what taxpayers should be doing in advance of coming changes. Smart advisers are telling clients to maximize tax deductions in 2017 because they’ll be worth less if the plan goes into effect and tax rates go down. Their strategy is to maximize deductions at higher rates and take lower tax rates in the future.

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By Inside Self Storage

OpenTech Alliance Inc., a Phoenix-based provider of self-storage kiosks, call-center services and other technology, has developed an Internet of Everything (IoE) platform-enabled access-control system that will be the first of a next-generation group of products designed for IoE, an open-architecture-based platform that allows vendors to develop their own technology integrations. The centralized, intelligent access solution will be called INSOMNIAC CIA and available in February, according to a press release.

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By Inside Self Storage

As the self-storage industry continues to grow and evolve, operators are constantly looking for new ways to stand out in their markets. If you’ve already tried adding retail space, RV storage or valet storage to your offerings but are still searching for a way to differentiate your business and attract new tenants, you might consider wine storage.

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By SpareFoot Storage Beat

The self storage industry has operated in the same manner for a long time and not much new innovation has triggered the consumer to stop and take notice.

Until recently.

We know that the self-storage industry is a fragmented business with some 50,000 facilitiesin the United States. Self-storage continues to show tremendous resiliency and growth with very little infrastructure change.

But is all that about to change?

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By Inside Self Storage

Self-storage marketing has changed greatly during the last 10 years. Printing costs have increased, resulting in higher advertising rates. Social media has provided additional opportunities. Fewer people are reading printed magazines and newspapers, having switched to digital versions. Mobile-friendly ads are necessary for customers using smartphones.

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By Inside Self Storage

The impact of natural and man-made disasters isn’t new to the self-storage industry. Through fires, earthquakes, tornadoes, hurricanes and other catastrophic events, storage facilities are often inflicted with damage to property including units harboring tenant belongings. Facility managers must mobilize quickly on insurance procedures for business losses, communicate clearly with customers on the status of their property as well as operational issues, and skillfully handle messaging with the media.

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By Inside Self Storage

Two self-storage real estate investment trusts (REITs), Extra Space Storage Inc. and Public Storage Inc., temporarily closed a combined 145 Texas locations in the wake of Hurricane Harvey. The safety precaution affected nearly 11.4 million square feet of storage space in 100,000 units. As of this morning, all but four facilities were operational.

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By Marcus & Millichap

Brandon Karr Among Top-10 National Self-Storage Group Agents Nationwide for Marcus & Millichap Through July 2017.

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By Marcus & Millichap

FORT WORTH, TEXAS, August 1, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Revelstoke Self Storage, a self-storage property located in Fort Worth, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Brandon Karr, First Vice President Investments, in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.  The buyer, a private investor, was secured by Mr. Karr.

By Marcus & Millichap

Brandon Karr Among Top-10 National Self-Storage Group Agents for Marcus & Millichap Through May 2017.

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By List Self Storage

1173 Storage in Denton, Texas, was sold to a private investor. The property at 3985 FM 1173 consists of two parcels totaling 4.44 acres. Built in 2003 and expanded in 2015, it comprises 53,410 square feet of storage space in 327 units. It also contains 28 uncovered vehicle-parking spaces. The buyer and the seller, also a private investor, were represented in the transaction by Danny Cunningham, senior associate, and Brandon Karr, first vice president of investments, in the Marcus & Millichap Fort Worth, Texas, office.

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By Bloomberg

A day hardly passes without the U.S. retail industry sustaining fresh wounds as malls and outlets shut their doors. Americans are still shopping, though—online, in their pajamas—and physics dictates that their new stuff, and old stuff, go somewhere. Welcome to the renaissance of self-storage.

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By Marcus & Millichap

Brandon Karr Among Top-10 National Self-Storage Group Agents for Marcus & Millichap Through April 2017.

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By Marcus & Millichap

FORT WORTH, TEXAS, March 24, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Alliance Gateway Self Storage, a 49,085 rentable-square foot self-storage facility located in Fort Worth, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Brandon Karr, First Vice President Investments and Danny Cunningham, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a private operator headquartered in Ohio, was also secured by Mr. Karr and Mr. Cunningham.

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By Inside Self-Storage

Successful investment in self-storage can be accomplished through several strategies, all with varying levels of risk and reward. Below are three creative options to explore: commercial condominium acquisitions, bridge-loan financing and joint-venture equity partnerships.

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By Inside Self-Storage

When buying a self-storage facility, due diligence is an intelligence-gathering period that enables you to determine whether to move forward on the purchase or steer clear. While this process can be used to confirm a property’s potential, it’s designed to arm buyers with key information to help them weigh the pros and cons of making an investment.

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By Bill Moist

As more and more retailers find themselves retreating from brick-and-mortar spaces, self-storage developers are seizing the opportunity to build facilities in prime locations.

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By Inside Self-Storage

For many independent self-storage operators, the real estate investment trusts (REITs) present challenges as well as opportunities. The REITs account for roughly 10 percent of the industry, and while that’s a relatively small number, there’s no denying they have great influence on other operators and the business as a whole. They’ll continue to grow and likely increase their share of the market, albeit slowly.

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By CityBizList

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Extra Space Storage located in Killeen, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Brandon Karr, First Vice President Investments and Danny Cunningham, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor from Florida. The buyer, a publicly-traded REIT, was also secured by Mr. Karr and Mr. Cunningham.

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By MultiFamily Executive

Overall, 2016 was another strong year for U.S. commercial real estate markets despite some forecasts claiming the bubble would burst, and we have reason for continued optimism in 2017. Still, with the impact of the recent elections on commercial real estate markets, the industry is anticipating possible changes in regulations and tax structures that could lead to some new uncertainty and volatility this year while opening new growth opportunities.

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By Marcus & Millichap

MCKINNEY, TEXAS, December 1, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Out of Space Self Storage, a  4.05 acre self-storage facility  located in McKinney, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Brandon Karr, Vice President Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was also represented by Mr. Karr.

By List Self Storage

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Lamar Self Storage, a 2.9 acre self-storage facility located in Paris, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Brandon Karr, Vice President Investments and Danny Cunningham, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private Texas based investor who was in a 1031 exchange, was also secured by Mr. Karr and Mr. Cunningham.

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By Dallas CityBizList

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Hwy 35 Storage, located in Royse City, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Brandon Karr, Vice President Investments and Danny Cunningham, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive right to market the property on behalf of the seller, a private investor. The buyer, a private investor based out of the Pacific Northwest, was secured by Mr. Karr and Mr. Cunningham as well. Michael Laurencelle, Vice President with Marcus & Millichap Capital Corporation, was able to leverage several preferred lending relationships and secured attractive SBA financing which allowed the buyer to achieve their desired LTV and IRR investment goals.

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By REBusiness Online

UNIVERSAL CITY, TEXAS — Marcus & Millichap has arranged the sale of Storage & Moving Logistics, a 34,813-square-foot self-storage facility located in the San Antonio suburb of Universal City. Brandon Karr and Danny Cunningham of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Karr and Cunningham also secured the buyer, a local investor.

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By REBusiness Online

SAGINAW and MESQUITE, TEXAS — Marcus & Millichap has arranged the sale of Longhorn Road Self Storage and Samuell Boulevard Self Storage located in Saginaw and Mesquite, respectively. Nicholas Ling, Brandon Karr and Danny Cunningham of Marcus & Millichap’s Austin and Fort Worth offices marketed the property on behalf of the seller, a limited liability company. Ling, Karr and Cunningham also secured the buyer, another limited liability company.

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By The News Funnel

GREENVILLE, Texas, 2016– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of RitePlace Storage, a self-storage located in Greenville, according to David H. Luther, first vice president/regional manager of the firm’s Houston office. The asset had 72,415 net rentable square feet and a list price of $3.33 million.

Dave Knobler, a senior associate, in Marcus & Millichap’s Houston office, and Brandon Karr, a vice president investments, in Marcus & Millichap’s Fort Worth office had the exclusive listing to market the property on behalf of the seller, a limited liability company. “While the buyer pool in outlying areas isn’t as deep as it is for the major metros, we still created a competitive environment for the asset” said Knobler.  The buyer, a limited liability company, was also secured by Dave Knobler and Brandon Karr.

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By List Self Storage

Denton Tap Self Storage, an 85,106-square-foot facility in Lewisville, Texas, was sold to a national operator with facilities in the vicinity. The property at 2710 Denton Tap Road was built in 2008 and sits on nearly 4 acres. The buyer and the seller, a private investor, were represented in the transaction by Brandon Karr, vice president of investments in the Marcus & Millichap Fort Worth, Texas, office.

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By Marcus & Millichap

FORT WORTH, TEXAS, November 11, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Storage & Moving Logistics, a 27,900-sqaure foot self-storage facility located in Fort Worth, Texas, according to Hernando Perez, Sales Manager of the firm’s Fort Worth office.

Brandon Karr, Vice President Investments and Danny Cunningham, Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a group of private investors with storage facilities throughout the United States, was also secured by Mr. Karr and Mr. Cunningham.

By REBusiness Online

FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of Safe & Secure Self-Storage, a 52,015-square-foot self-storage facility located in Fort Worth. Brandon Karr and Danny Cunningham of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a limited liability company. The buyer, a private investor, was also secured by Cunningham and Karr. Safe & Secure Self-Storage is located at 8500 S. Hulen Street.

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By Mini Storage Messenger

DESOTO, TEXAS, June 12, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of U Store, a 45,285-square foot self-storage facility located in DeSoto, Texas, according to Hernando Perez, Sales Manager of the firm’s Fort Worth office.

Danny Cunningham, Associate and Brandon Karr, Vice President Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor based in California, was secured by Mr. Cunningham and Mr. Karr as well.

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By REBusiness Online

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of All Star Self-Storage, a 72,775-square-foot self-storage facility located in Fort Worth. Brandon Karr of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Karr also secured the buyer, another private investor.

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By REBusiness Online

PLANO, TEXAS — Marcus & Millichap has negotiated the sale of All Star Self-Storage, a 90,600-sqaure-foot self-storage facility located in Plano. Brandon Karr of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Karr also secured the buyer, a limited liability company.

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Low crude oil prices may positively impact the Texas self-storage industry. Do you have a strategy to take advantage of this time?

The Great Recession is finally behind us, and America is on its way to a full economic recovery. If you had been asked three months ago to give your opinion on the state of the U.S. economy, wouldn’t your answer have sounded something like that? Similarly, if asked the same question about Texas, would you not have mentioned the state’s resiliency during the downturn; its consistency as a leader in economic growth; its pro-business attitude; its surging oil and gas sector; its…oh wait—what was that last one?

By Marcus & Millichap

ORANGE, TEXAS, March 4, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Storage Depot, a 24,643-square foot self-storage facility located in Orange, Texas, according to Hernando Perez, Sales Manager of the firm’s Fort Worth office.

Brandon Karr, Associate Vice President of Investments and Danny Cunningham, Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor.
 

By REBusiness Online

DALLAS — Marcus & Millichap has arranged the sale of Ken Griffin Mini Storage, an 18,639-square-foot self-storage facility located in Dallas. The asset sold for $525,000. Brandon Karr and Danny Cunningham of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Karr and Cunningham represented the buyer, another private investor.

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By Marcus & Millichap

DALLAS, TEXAS, February 26, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of U-Store-All Hansboro, a 37,900-square foot self-storage facility located in Dallas, Texas, according to Hernando Perez, Sales Manager of the firm’s Fort Worth office.

Brandon Karr, Associate Vice President of Investments and Danny Cunningham, Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a self-storage owner and operator headquartered in the Pacific Northwest who owns several storage facilities in Texas, was also represented by Mr. Karr and Mr. Cunningham.

By Marcus & Millichap

WAXAHACHIE, TEXAS, February 20, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale for $2,500,000.00 of A Big Toy Self-Storage, a 40,725-square foot self-storage facility located in Waxahachie, Texas, according to Hernando Perez, Sales Manager of the firm’s Fort Worth office.

Brandon Karr, Associate Vice President of Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, another private investor, was also secured by Mr. Karr.

By SSA Globe

Marcus & Millichap announced the sale of Centennial Storage, a 69,126 square foot self storage facility located in Frisco, Texas, according to Hernando Perez, sales manager of the firm’s Fort Worth office. Brandon Karr, associate vice president of investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a publicly-traded REIT, was also secured by Karr.

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By Inside Self Storage

Private investor Bakhtari LLC recently purchased All Star Self Storage in Celina, Texas, from investment group Jimmie Evans Family Partners for $4.2 million. The 11-acre property at 3910 S. Preston Road comprises 66,215 square feet in 373 storage units, 169 covered parking slots and 105 open spaces for additional vehicle storage.

Brandon Karr, associate vice president of investments in the firm’s Fort Worth, Texas, office, represented the buyer and seller, according to a press release from Marcus & Millichap Real Estate Investment Services, the commercial-property investment firm that brokered the deal.

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By REBusiness Online

ORANGE, TEXAS — Marcus & Millichap has arranged the sale of Affordable Storage, a 23,340-square-foot self-storage facility located in Orange. Danny Cunningham and Brandon Karr of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Cunningham also secured the buyer, another private investor.

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By REBusiness Online

ROCKWALL, TEXAS — Marcus & Millichap has arranged the sale of The Towers Self Storage, a 123,619-square-foot self-storage facility located in Rockwall, a suburb of Dallas. Brandon Karr and Danny Cunningham of Marcus & Millichap marketed the property on behalf of the seller, a private investor. Karr also represented the buyer, a limited liability company.

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By Inside Self-Storage

All Star Self Storage, a 57,625-square-foot facility in Crowley, Texas, was recently purchased by a private investor. The 3.8-acre property at 786 FM 1187 E. includes 224 climate-controlled units, 214 drive-up units and two uncovered parking spaces. The property was 84 percent physically occupied and 77 percent economically occupied at the time of the sale, according to a press release from Marcus & Millichap Real Estate Investment Services, which brokered the transaction. Brandon Karr, a senior associate in the company’s Fort Worth, Texas, office represented the buyer and the seller, a limited-liability company.

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By Bisnow

Move over multifamily. There’s a new supermodel walking the runway and her name is self-storage. (All her dresses are from boxes people put in storage.) One Austin deal helped illustrate three facts about this hot sector.

Reliable cash flow and the low overhead associated with the operations make self-storage very attractive, says Marcus & Millichap national self-storage group's Brandon Karr. Bloomberg Markets even named the four publicly traded self-storage REITs as its favorite alternative investment. Brandon says his recent sale of the 78k SF Your Storage Solution in North Austin is a good example. About 15 potential buyers put in bids. Brandon repped the private seller and the buyer, a publicly traded REIT.

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By Mini Storage Messenger

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Your Storage Solution, a 78,225-square foot self-storage facility located in Austin, Texas, according to Bill G. Jordan, regional manager of the firm’s Fort Worth office.

Brandon Karr, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a publically-traded REIT, was also secured by Mr. Karr.

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By REBusiness Online

SAN ANTONIO — Marcus & Millichap has arranged the sale of Iron Gate Self Storage, a 44,100-square-foot self storage facility in San Antonio. Brandon Karr, senior associate in Marcus & Millichap’s Fort Worth office, marketed the property on behalf of the seller, an unnamed partnership. The buyer, an unnamed private investor, was also secured by Karr.

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By Mini Storage Messenger

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of A-Thrifti Self Storage & A-1 Self Storage, two self-storage facilities located in Fort Worth, Texas, according to Bill G. Jordan, regional manager of the firm’s Ft. Worth office.

Brandon Karr, an investment specialist in Marcus & Millichap’s Ft. Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, also a private investor, was secured and represented by Brandon Karr as well.

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By REBusiness Online

KILLEEN, TEXAS — Marcus & Millichap has brokered the sale of a 46,335-square-foot self storage facility in Killeen, approximately 65 miles north of Austin. The facility, operated as Rancier Mini Storage, is situated at 1003 N. 38th St. Brandon Karr of Marcus & Millichap represented the seller, a private investor, in the transaction. Karr also secured the buyer, a partnership based in California.

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By REBusiness Online

CEDAR HILL, TEXAS — Marcus & Millichap has arranged the sale of the 60,630-square-foot Storage King – Cedar Hill, a self-storage facility located at 1090 S. US-67 North in Cedar Hill. Brandon Karr of Marcus & Millichap's Fort Worth office represented the seller, a private investor, in the transaction. Karr also sourced the buyer, a limited liability company.

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By Marcus & Millichap

PFLUGERVILLE, TEXAS, December 20, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of All-Ways Storage, a 43,610-square foot self storage facility located in Pflugerville, Texas. The buyer, an institutional self storage investor, was secured and represented by Brandon Karr, a Self-Storage investment specialist in Marcus & Millichap’s Ft. Worth office.

By Inside Self Storage

ODESSA AND MIDLAND, TEXAS — Marcus & Millichap has arranged the $32.6 million portfolio sale of four self-storage facilities located in Odessa and Midland. Real estate investment trust (REIT) W. P. Carey Inc. has acquired four self-storage facilities in Midland and Odessa, Texas for approximately $33 million. The purchase was made through CPA: 17 Global, one of W.P. Carey’s publicly held, non-traded REIT affiliates. The properties comprise 361,490 square feet and will be managed by CubeSmart.

The deal was brokered by Brandon Karr, a senior associate in the Fort Worth, Texas, office of Marcus & Millichap Real Estate Investment Services. The purchase is W. P. Carey’s first in West Texas.

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By Inside Self Storage

ABC Self Storage, a 17,200-square-foot self-storage facility in Azle, Texas, recently sold to a local limited liability company (LLC). Financial terms were not disclosed. The seller was a private investor.

The buyer and seller were represented by Marcus & Millichap Real Estate Investment Services. The brokers, both investment specialists from the firm's Fort Worth, Texas, office, were Brandon Karr and Mason Green.

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By Mini Storage Messenger

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 235,616-square foot tract of land located in Arlington, Texas, according to Bill Jordan, Regional Manager of the firm’s Ft. Worth office.

Brandon Karr, a self-storage investment specialist in Marcus & Millichap’s Ft. Worth office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a developer, was also secured by Brandon Karr.

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By Inside Self-Storage

Bankhead Self Storage in Weatherford, Texas, recently sold in an all-cash transaction between two private investors. Sellers Jim and Barbara Owens developed the 38,115-square-foot facility, which is currently 91 percent occupied, in 2004. Brandon Karr, a self-storage investment specialist for real estate investment firm Marcus & Millichap’s Fort Worth office, brokered the sale.

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By Inside Self Storage

Absolute Self Storage in Dallas sold for $775,000. The 35,630-square-foot self-storage facility has eight buildings and 295 units. Marcus & Millichap Real Estate Investment Services, a nationwide real estate investment services firm, brokered the sale.

Nick Walker, an associate and a member of the firm’s National Self Storage Group in Ontario Calif., represented the buyer, an experienced self-storage operator based in California. Brandon Karr, an associate and a member of the firm’s National Self Storage Group in Fort Worth, Texas, represented the seller.

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