Marcus & Millichap Inc.
09/29/2026 | Press release | Distributed by Public on 09/29/2026 14:38
Marcus & Millichap Closes Four-Property Self-Storage Portfolio in Houston
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Marcus & Millichap Closes Four-Property Self-Storage Portfolio in Houston
September 29, 2026
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HOUSTON, Sept. 29, 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 Devon Portfolio, a four-property self-storage portfolio located across the Houston, Texas metropolitan area.
Charles "Chico" LeClaire, executive managing director investments, Adam Schlosser, executive managing director investments, and Dave Knobler, senior managing director investments with the LeClaire-Schlosser Group of Marcus & Millichap, in association with Tim Speck, Marcus & Millichap's broker of record in Texas, represented the seller.
"This portfolio gives the buyer a foothold in four of Houston's most heavily trafficked corridors in one transaction; from more than 190,000 vehicles a day at West 43rd and Highway 290 to dense, established trade areas at Veterans Memorial, Bissonnet, and Gessner," said Adam Schlosser. "With the portfolio running at approximately 76% occupancy, there's real upside for an operator who can lean into lease-up across all four sites."
The facilities are located at 9840 Bissonnet Street, 13800 Veterans Memorial Drive, 1918 Gessner Road, and 6300 West 43rd Street. The properties total 1,779 units and approximately 259,250 net rentable square feet, consisting primarily of drive-up, non-climate-controlled units with supplemental outdoor vehicle parking. The Gessner Road property includes approximately 35,000 net rentable square feet of enclosed boat and RV storage.
Charles "Chico" LeClaire, executive managing director investments, Adam Schlosser, executive managing director investments, and Dave Knobler, senior managing director investments with the LeClaire-Schlosser Group of Marcus & Millichap, in association with Tim Speck, Marcus & Millichap's broker of record in Texas, represented the seller.
"This portfolio gives the buyer a foothold in four of Houston's most heavily trafficked corridors in one transaction; from more than 190,000 vehicles a day at West 43rd and Highway 290 to dense, established trade areas at Veterans Memorial, Bissonnet, and Gessner," said Adam Schlosser. "With the portfolio running at approximately 76% occupancy, there's real upside for an operator who can lean into lease-up across all four sites."
The facilities are located at 9840 Bissonnet Street, 13800 Veterans Memorial Drive, 1918 Gessner Road, and 6300 West 43rd Street. The properties total 1,779 units and approximately 259,250 net rentable square feet, consisting primarily of drive-up, non-climate-controlled units with supplemental outdoor vehicle parking. The Gessner Road property includes approximately 35,000 net rentable square feet of enclosed boat and RV storage.
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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 September 29, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 29, 2026 at 20:39 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]