TUTTLE, Okla., Sept. 18, 2024 – 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 Premium Storage, a 375-unit self-storage facility in Tuttle, Oklahoma.  

“This was a particularly meaningful transaction because we actually sold the facility to our Dallas-based client in 2021”, says Bryan Quaschnick, senior associate. “The marketplace was attracted to the facility’s assumable CMBS loan – which featured a sub-four percent rate and multiple years of interest-only payments remaining. Although the CMBS loan assumption process can appear fairly intimidating to the uninitiated, the Karr-Cunningham Storage Team leveraged its extensive CMBS experience to close the deal at the originally agreed-upon sales price – illustrating our ability to deliver exceptional results in a highly competitive marketplace that remains eager to purchase high-quality assets in Oklahoma.” 

Bryan Quaschnick, Danny Cunningham, and Brandon Karr, investment specialists in Marcus & Millichap’s Fort Worth office and leaders of the Karr-Cunningham Storage Team, exclusively represented the seller, a Dallas based private investment group, and procured the buyer, an out-of-state private investor. Tim Speck is Marcus & Millichap’s broker of record in Oklahoma.  

Premium Storage is located at 4945 ACAM Dr., just outside the Oklahoma City metro area, spanning 107,330 square feet on a 6.99-acre parcel. The property comprises 37 climate-controlled self-storage units, 334 non-climate-controlled drive-up units, and four commercial spaces. Sizes range from 100 to 750 rentable square feet. 

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