Closed | Westside Storage | 07/23/2021

Odessa, TX | 2 Locations | NRSF - 28,965 | 07/23/2021



ODESSA, TEXAS, August 26, 2021 - 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 Westside Storage, a 28,965-square foot selfstorage located in Odessa, Texas, according to Mark R. McCoy, regional manager of the firm's Fort Worth office.

Brandon Karr, an investment specialist 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 limited liability company, was also secured by Mr. Karr.

With the help of the Marcus & Millichap platform, the Karr Self Storage Team was able to create a smooth transaction for a seller who had a property with legitimate upside potential and a reliable buyer. "This is another example of the Karr Self Storage Team successfully executing a deal in the Permian Basin. We have never failed to close a transaction in that market, despite the area's historical dependence on the volatile oil/gas industry. The sellers had been approached by other brokerages in the past, but they were confident that our transaction history in the area - combined with the sheer size of our investor pool - would best serve their interests.

Westside Storage is located at 9341 W University Blvd in Odessa, Texas.