The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Aransas Pass Storage, a 181,210 square foot storage facility located in Ingleside, Texas.
“Corpus Christi’s growth is no secret, but we’re seeing excitement throughout the Coastal Bend and that’s reflected by the groups with a national presence that are investing in the area”
Dave Knobler, Senior Vice President Investments in Marcus & Millichap’s Houston, Texas office and Charles “Chico” LeClaire, Executive Managing Director Investments in Marcus & Millichap’s Denver, Colorado office, brokered the transaction of the property on behalf of both the seller and buyer. “Corpus Christi’s growth is no secret, but we’re seeing excitement throughout the Coastal Bend and that’s reflected by the groups with a national presence that are investing in the area,” said Knobler. “The managing partner for the seller was based in Greater Houston so this transaction took some management responsibilities off of their plate and at the same time gave the Buyer an expanded presence in the Coastal Bend.” The buyer was national self storage owner, Merit Hill Capital, based in New York with 200 properties in 30 states.
Aransas Pass Storage is a mix of 127 climate-control units and 375 non-climate spaces and is located approximately 15 miles northeast of downtown Corpus Christi. The average household income within a 3-mile radius of the property is $76,795 and the asset has frontage on TX Highway 361 with daily traffic counts of around 6,000.
About The LeClaire-Schlosser Group of Marcus & Millichap
The LeClaire-Schlosser Group is a national self storage brokerage team that has closed over $5 billion in transactions across the United States. With a combined 70+ years of experience, we have the knowledge and expertise to assist our clients in reaching their short and long-term investment goals. We offer extensive underwriting, customized marketing, and unparalleled transactional expertise to achieve the best price and terms. We pride ourselves in offering unmatched brokerage and advisory services to both institutional and private clients alike. To learn more, please visit LeClaireSchlossergroup.com
