Marcus & Millichap: Arranges Sale of Newly Built Self-Storage Facility in Brazos County

BRYAN, TEXAS, January 12, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, today announced the sale of Brazos Moving & Storage CofO, a 64,290-square-foot self-storage facility located in Bryan, Texas, according to Ford Noe, regional manager of the company’s Houston office.

Dave Knobler, senior vice president of investments in the Houston office of Marcus & Millichap and Charles “Chico” LeClaire, executive managing director of investments in the Denver office of Marcus & Millichap had the exclusive list to market the property on behalf of the seller, Cody Hall who is a Developer College based on the station. “The transaction was a win-win-win,” Hall said. I was pleased with the outcome, Dave and Chico did a great job establishing the market, and the buyer gets a great property.” The buyer, a limited liability company, was also secured by Charles “Chico” LeClaire and Dave Knobler. “The depth of the quality of the buyer pool for a CofO asset is what stood out to me the most,” Knobler said. But this is not surprising given the excellent potential of the asset. I’ve sold for Cody for the past five years, and I agree the competition was tougher than the previous two.”

Brazos Moving and Storage CofO has approximately 1,000 feet of frontage on North Harvey Mitchell Parkway (FM 2818) which serves as an unofficial loop for the Bryan-College Station area. It connects northwest Bryan to southeast College Station with junctions to State Highway 6 at both ends and approximately 22,000 vehicles pass through the facility daily. Additionally, Brazos Moving and Storage CofO is approximately ¼ mile south of West Villa Maria Road, another busy street that runs through Bryan and has a traffic of approximately 28,000. There are many factors that should make Brazos Moving and Storage CofO a successful location for a self-storage facility. The property is approximately ½ mile from the Wal-Mart anchored Rudder’s Landing mall where continued growth is taking place with several new retailers claiming this part of the Brazos Valley. In particular, there is a new Chick-fil-A which will open its doors in the summer of 2021. The establishment is less than three miles from Texas A&M University which, with approximately 70,000 students, is the 2nd largest university from the country. Brazos Moving and Storage CofO is also located less than three miles from the Biomedical Corridor which includes the Texas A&M University Health Science Center, the Stella Hotel which was the 3rd ranked hotel in Texas by Conde ́ Nast Traveler and the FUJIFILM Pharmaceutical Manufacturing Center. A few miles east of Brazos Moving & Storage CofO is the soon-to-be-completed Travis Bryan Midtown Park, which will become the area’s main entertainment district. The property is close to the Traditions neighborhood which is an affluent golf course community as well as several new single-family neighborhoods and multi-family projects under construction.

The commercial area has not seen a new storage facility built since 2005 and Yardi Matrix estimates that upon completion of Phase I, Brazos Moving and Storage CofO will increase self-storage per capita to 6.63 square feet. This stat has not gone unnoticed by the seller who is a local developer and has built and sold three other successful storage projects over the past decade and a half and believes this is his best location yet. Brazos Moving and Storage CofO enables an investor to acquire a new self-storage asset in an underserved and prosperous area of ​​Bryan-College Station. The facility is also in an Opportunity Zone where the population exceeds 62,000 within a three-mile radius and the average household income is over $108,000.

Brazos Moving & Storage CofO is located at 425 North Harvey Mitchell Parkway in Bryan, Texas.

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About Marcus & Millichap (NYSE: MMI)

With more than 2,000 investment sales and financing professionals across the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and services. -advice. Founded in 1971, the firm closed 8,954 deals in 2020 worth around $43 billion. Marcus & Millichap has developed a powerful property marketing system that combines investment specialization, local market expertise, the most comprehensive research in the industry, cutting-edge technology and relationships with the largest pool of investors. qualified. To learn more, please visit: www.MarcusMillichap.com.

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Marcus & Millichap Inc. published this content on January 12, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 12, 2022 6:45:04 PM UTC.

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