Hwy 35 Storage in Royse City, Texas, was sold to a private investor based in the Pacific Northwest. The property at 7878 FM 35 is 20 miles east of Dallas. It comprises 79,117 net rentable square feet of storage space in 267 climate-controlled and drive-up units. It also has two office spaces, 10 enclosed and 68 uncovered vehicles-storage units, and 79 uncovered parking spaces. The facility is on four adjacent and contiguous parcels that encompass approximately 7.52 acres. It was built in stages beginning in 2009 and expanded as recently as 2014. The buyer and the seller, a private investor, were represented in the transaction by Danny Cunningham, senior associate, and Brandon Karr, vice president of investments, in the Marcus & Millichap Fort Worth, Texas, office.
About Marcus & Millichap
Founded in 1971, Marcus & Millichap is a commercial-property investment firm with more than 1,500 investment professionals in offices throughout Canada and the United States. The firm closed more than 8,700 transactions in 2015 with a value of approximately $37.8 billion.