Marcus & Millichap Inc.
09/16/2025 | Press release | Archived content
Marcus & Millichap Arranges Sale of Multi-State Self-Storage Portfolio
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Marcus & Millichap Arranges Sale of Multi-State Self-Storage Portfolio
September 16, 2025
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ATLANTA, Sept. 16, 2025 - 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 a three-property self-storage portfolio in Texas and New Mexico.
"This transaction was part of an eight-property, six-state portfolio secured under a single CMBS loan, which required a partial defeasance to release the three properties sold," said Stacey Gorman, senior managing director investments. "Through proactive planning, constant communication and weekly strategy sessions with all parties, our team aligned three separate buyers and one seller to close simultaneously, delivering a successful outcome in a highly complex transaction."
Gorman, Sam Slocum and Grace Folger represented the seller and, along with Cameron Bradford, procured the buyers. The team worked in association with Tim Speck and Ryan Sarbinoff, the firm's brokers of record in Texas and New Mexico, respectively.
Hallmark Mini Storage, located at 4013 E. Stan Schlueter Loop in Killeen, Texas, was built in 2002 and totals 36,350 net rentable square feet. The facility includes 275 units across eight buildings on 2.42 acres.
North Main Self Storage, located at 1712 N. Main St. in Las Cruces, New Mexico, was built in 1974 and contains 35,314 net rentable square feet. The property comprises 294 units across two buildings on 1.43 acres. The buyer was North Main Storage LLC.
Superior Self Storage, located at 3102 S. McColl Rd. in Edinburg, Texas, was built in 2004 and totals 50,692 net rentable square feet. The facility features 527 units across seven buildings on 3.93 acres. Wentworth Property Company was the buyer of Superior Self Storage. Commenting on the acquisition, Tanner Bryson of Wentworth Property Company said, "This acquisition presented a great opportunity to execute our value-add strategy and expand our growing footprint in Texas, marking our first acquisition in the Rio Grande Valley."
"This transaction was part of an eight-property, six-state portfolio secured under a single CMBS loan, which required a partial defeasance to release the three properties sold," said Stacey Gorman, senior managing director investments. "Through proactive planning, constant communication and weekly strategy sessions with all parties, our team aligned three separate buyers and one seller to close simultaneously, delivering a successful outcome in a highly complex transaction."
Gorman, Sam Slocum and Grace Folger represented the seller and, along with Cameron Bradford, procured the buyers. The team worked in association with Tim Speck and Ryan Sarbinoff, the firm's brokers of record in Texas and New Mexico, respectively.
Hallmark Mini Storage, located at 4013 E. Stan Schlueter Loop in Killeen, Texas, was built in 2002 and totals 36,350 net rentable square feet. The facility includes 275 units across eight buildings on 2.42 acres.
North Main Self Storage, located at 1712 N. Main St. in Las Cruces, New Mexico, was built in 1974 and contains 35,314 net rentable square feet. The property comprises 294 units across two buildings on 1.43 acres. The buyer was North Main Storage LLC.
Superior Self Storage, located at 3102 S. McColl Rd. in Edinburg, Texas, was built in 2004 and totals 50,692 net rentable square feet. The facility features 527 units across seven buildings on 3.93 acres. Wentworth Property Company was the buyer of Superior Self Storage. Commenting on the acquisition, Tanner Bryson of Wentworth Property Company said, "This acquisition presented a great opportunity to execute our value-add strategy and expand our growing footprint in Texas, marking our first acquisition in the Rio Grande Valley."
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 18, 2025 at 18:42 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]