All Star Self Storage, a 57,625-square-foot facility in Crowley, Texas, was recently purchased by a private investor. The 3.8-acre property at 786 FM 1187 E. includes 224 climate-controlled units, 214 drive-up units and two uncovered parking spaces.
Built in 2007, the facility's seven single-story buildings are comprised of brick and metal exteriors, metal interior walls, standing-seam metal roofs and slab-on-grade concrete foundations. Features include insulated ceilings, keypad entry, perimeter fencing and lighting, video cameras, fire sprinklers, extra-wide concrete driveways, a fortress-style perimeter, and a two-story onsite manager's residence.
The property was 84 percent physically occupied and 77 percent economically occupied at the time of the sale, according to a press release from Marcus & Millichap Real Estate Investment Services, which brokered the transaction. Brandon Karr, a senior associate in the company’s Fort Worth, Texas, office represented the buyer and the seller, a limited-liability company.
Marcus & Millichap has more than 1,300 investment professionals in offices throughout the United States and Canada. The company closed more than 6,600 transactions last year with a value of approximately $24 billion.
All Star Self Storage operates nine properties in the Dallas and Ft. Worth, Texas, markets.