NORTH RICHLAND HILLS, Texas, May 02, 2025 – 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 FreeUp Storage, a 21,910-square-foot storage facility in North Richland Hills, Texas.

“This Dallas-Fort Worth facility checked a lot of our buyer pool’s boxes – an infill location, value-add upside potential, and Q2 2025 pricing expectations,” said Danny Cunningham, senior vice president investments. After carefully considering seven competitive offers, the seller ultimately took our recommendation and selected a buyer who intended to use the SBA to finance the acquisition. We knew the escrow timeline would slightly exceed what’s typical in today’s market, but we were confident the 1031-exchange buyer – with whom we’ve transacted multiple times in the past – could be relied upon. This proved to be the right decision, as the deal closed 99 percent of the list price.”

Danny Cunningham and Brandon Karr, investment specialists in Marcus & Millichap’s Fort Worth office and leaders of the Karr-Cunningham Storage Team, represented the seller, Spartan Investment Group. The buyer, Hinze Capital, a DFW-Based storage investment group, was also secured by Cunningham and Karr.

FreeUp Storage is located at 3725 Flory St., near the intersection of Rufe Snow Drive and Boulevard 26. It comprises four climate-controlled units, 101 non-climate units, 34 indoor units and six large commercial warehouse units. Features include garage-style roll-up doors, perimeter fencing, personalized keypad-gated entry, and concrete driveways.

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