ABC Self Storage, a 17,200-square-foot self-storage facility in Azle, Texas, recently sold to a local limited liability company (LLC). Financial terms were not disclosed. The seller was a private investor.
The facility, constructed in 2004, sits on 2.1 acres and offers 98 storage units. The property is on one of the town's primary roads and was approximately 85 percent occupied at the time of the sale.
The buyer and seller were represented by Marcus & Millichap Real Estate Investment Services. The brokers, both investment specialists from the firm's Fort Worth, Texas, office, were Brandon Karr and Mason Green.
Azle is about 20 miles northwest of Fort Worth.
Marcus & Millichap has more than 1,000 investment professionals in offices nationwide and closed more than 5,000 transactions last year.