Marcus & Millichap Inc.
07/07/2026 | Press release | Distributed by Public on 07/07/2026 13:58
Marcus & Millichap Arranges Sale of North Loop Mini Warehouses in Athens, Texas
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Marcus & Millichap Arranges Sale of North Loop Mini Warehouses in Athens, Texas
July 07, 2026
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ATHENS, Texas, July 7, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of North Loop Mini Warehouses, a 53,812-square-foot self-storage facility in Athens, Texas.
"The real estate had been quietly marketed for sale a year before our client inherited the asset, so we knew many of the industry's most active buyers would already be familiar with the opportunity," said Danny Cunningham, senior managing director investments. "Despite this challenge, we used our extensive network to procure multiple offers, ultimately selecting a California-based buyer that wasn't aware the facility had been previously marketed for sale. The transaction progressed smoothly, and we closed the deals at the originally contracted terms within 5% of the list price."
Cunningham and Brandon Karr, investment specialists in Marcus & Millichap's Fort Worth office, exclusively marketed the property on behalf of the seller, a family who inherited ownership from their late-uncle and decided to sell the asset rather than divide ownership and operate the facility, and procured the buyer, California-based private investor expanding an existing self-storage portfolio in East Texas.
The property is located at 2202 N.E. Loop 7. Built in 1994, the facility consists of 277 storage units across 7.67 acres. The property had been operated for many years as a traditional family-owned self-storage facility before ownership transitioned to relatives who inherited the asset and assumed day-to-day operations. The facility presents opportunities for operational enhancements while serving the growing storage needs of the Athens market.
"The real estate had been quietly marketed for sale a year before our client inherited the asset, so we knew many of the industry's most active buyers would already be familiar with the opportunity," said Danny Cunningham, senior managing director investments. "Despite this challenge, we used our extensive network to procure multiple offers, ultimately selecting a California-based buyer that wasn't aware the facility had been previously marketed for sale. The transaction progressed smoothly, and we closed the deals at the originally contracted terms within 5% of the list price."
Cunningham and Brandon Karr, investment specialists in Marcus & Millichap's Fort Worth office, exclusively marketed the property on behalf of the seller, a family who inherited ownership from their late-uncle and decided to sell the asset rather than divide ownership and operate the facility, and procured the buyer, California-based private investor expanding an existing self-storage portfolio in East Texas.
The property is located at 2202 N.E. Loop 7. Built in 1994, the facility consists of 277 storage units across 7.67 acres. The property had been operated for many years as a traditional family-owned self-storage facility before ownership transitioned to relatives who inherited the asset and assumed day-to-day operations. The facility presents opportunities for operational enhancements while serving the growing storage needs of the Athens market.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
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