SHAWNEE, OK, December 12, 2023 – 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 405 Storage, a 11,920 self-storage facility located in Shawnee, OK, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office.

Bryan Quaschnick, Brandon Karr, and Danny Cunningham, investment specialists located in Marcus & Millichap’s Fort Worth office and members of the Karr-Cunningham Storage Team partnered with Stacey Gorman and Sam Slocum, investment specialists located in the Marcus & Millichap Atlanta office and members of the Gorman Self-Storage Group, had the exclusive listing to market the property on behalf of the seller, an Arkansas-based private investor.  The buyer, a Dallas-based privately owned real estate investment firm, was secured and represented by the Karr-Cunningham Storage Team.

According to Mr. Quaschnick, “Despite the presence of an otherwise challenging investment marketplace, we generated multiple offers within the first 30 days of listing the facility for sale, and we closed the deal at the originally agreed-upon sale price – emphasizing the property’s inherent value and showcasing the strength of our team’s strategic approach. The acquisition by an experienced real estate investment group based in Dallas, TX, underscores the enduring appeal of the self-storage sector in today’s dynamic market.”

405 Storage is located at 916 East Cammack Street in Shawnee, OK.