Marcus & Millichap Inc.
08/31/2026 | Press release | Distributed by Public on 08/31/2026 16:41
Marcus & Millichap Facilitates Sale of 359-Unit Self-Storage Facility in Azle, Texas
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Marcus & Millichap Facilitates Sale of 359-Unit Self-Storage Facility in Azle, Texas
August 31, 2026
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AZLE, Texas, Aug. 31, 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 the announced today the sale of KO Storage, a 359-unit self-storage facility.
"We originally sold this property to our client, KO Storage, in 2021," said Danny Cunningham, senior managing director investments. "During the next 5 years, we regularly provided them with updated market insight and analysis, and earlier this year the property's performance and market conditions aligned just as we were negotiating the sale of another asset in the same market. We recognized an opportunity to leverage that transaction and approached the buyer, 10 Federal, at the very beginning of our marketing campaign. Their offer came within 4% of the list price - which met the seller's pricing requirements and provided them with a high degree of execution certainty."
Cunningham and Brandon Karr, investment specialists in Marcus & Millichap's Fort Worth office, exclusively marketed the portfolio on behalf of the seller, KO Storage, and procured the buyer, 10 Federal.
The property is located at 1250 Sandy Beach Rd. near Eagle Mountain Lake, west of Fort Worth. Built in 2016, the facility totals 65,725 rentable square feet across 10 single-story buildings on 5.32 acres. The property includes 359 units comprising traditional drive-up storage and enclosed parking, along with gated access, perimeter fencing and an on-site residence.
"We originally sold this property to our client, KO Storage, in 2021," said Danny Cunningham, senior managing director investments. "During the next 5 years, we regularly provided them with updated market insight and analysis, and earlier this year the property's performance and market conditions aligned just as we were negotiating the sale of another asset in the same market. We recognized an opportunity to leverage that transaction and approached the buyer, 10 Federal, at the very beginning of our marketing campaign. Their offer came within 4% of the list price - which met the seller's pricing requirements and provided them with a high degree of execution certainty."
Cunningham and Brandon Karr, investment specialists in Marcus & Millichap's Fort Worth office, exclusively marketed the portfolio on behalf of the seller, KO Storage, and procured the buyer, 10 Federal.
The property is located at 1250 Sandy Beach Rd. near Eagle Mountain Lake, west of Fort Worth. Built in 2016, the facility totals 65,725 rentable square feet across 10 single-story buildings on 5.32 acres. The property includes 359 units comprising traditional drive-up storage and enclosed parking, along with gated access, perimeter fencing and an on-site residence.
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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 www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 31, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 31, 2026 at 22:41 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]