CROWLEY, Texas, July 14, 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 Crowley Space Station, a 64,210-square-foot self-storage portfolio located in Crowley, Texas.

“After building and operating the facility for decades, our clients grew tired of managing it at a day-to-day level. Concerned about inflation, they chose to sell today rather than hire a 3rd-party management company,” said Brandon Karr, senior managing director investments. “They’re also going to complete a 1031-exchange into a triple-net property with a 15-year corporate-backed lease that automatically escalates every year. As for the transaction, even in today’s complicated market we generated seven written offers that exceeded our clients’ pricing expectations. Creating a legitimately competitive bidding environment allowed us to confidently pick the buyer with the highest offer and ensure they closed the deal at the originally agreed-upon price.”

Brandon Karr, an investment specialist in Marcus & Millichap’s Fort Worth office, exclusively marketed the property on behalf of the seller, a local mom and pop owner-operator, and procured the buyer, a private California-based investor looking to expand their Texas footprint.

Crowley Space Station at 1600 FM 1187, consists of 299 units on 5.19 acres and was 94 percent occupied at the time of sale. Originally developed in 2004, the Crowley facility benefits from its location in the Dallas-Fort Worth metroplex and population growth, which has increased approximately 35 percent in the last 10 years.

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