Press Releases
Marcus & Millichap Arranges Sale of 45,539-Square-Foot Self-Storage Facility in Dallas Suburb
March 26, 2025
GARLAND, Texas, Mar. 26, 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 Storage Fit, a 47,539-rentable-square-foot self-storage facility located in Garland, Texas.
Danny Cunningham and Brandon Karr, investment specialists in Marcus & Millichap’s Fort Worth office and leaders of the Karr-Cunningham Storage Team, represented the seller, a private investor from the West Coast seeking to complete a 1031 exchange into triple-net-leased (NNN) properties closer to home. The buyer, a Dallas-Fort Worth-based private capital group acquiring its second self-storage asset, was also secured by Cunningham and Karr.
“My relationship with the Storage Fit seller began in earnest when we had a neighboring facility listed for sale in 2023,” said Cunningham. “He was interested in purchasing that property, but after creating a healthy competitive bidding environment, our team ultimately sold it to a buyer willing to pay more. Intrigued by the possibility of selling Storage Fit for an equally compelling price, we began discussing his exit options in early 2024, ultimately determining that he would benefit from exchanging into NNN properties closer to home. We accomplished that goal, closing the transaction in March 2025 after a 60-day escrow at a price point that not only met the seller’s expectations but made sense for the buyer as well.”
Storage Fit, located at 3701 Dividend Drive, comprises 140 drive-up units.
Danny Cunningham and Brandon Karr, investment specialists in Marcus & Millichap’s Fort Worth office and leaders of the Karr-Cunningham Storage Team, represented the seller, a private investor from the West Coast seeking to complete a 1031 exchange into triple-net-leased (NNN) properties closer to home. The buyer, a Dallas-Fort Worth-based private capital group acquiring its second self-storage asset, was also secured by Cunningham and Karr.
“My relationship with the Storage Fit seller began in earnest when we had a neighboring facility listed for sale in 2023,” said Cunningham. “He was interested in purchasing that property, but after creating a healthy competitive bidding environment, our team ultimately sold it to a buyer willing to pay more. Intrigued by the possibility of selling Storage Fit for an equally compelling price, we began discussing his exit options in early 2024, ultimately determining that he would benefit from exchanging into NNN properties closer to home. We accomplished that goal, closing the transaction in March 2025 after a 60-day escrow at a price point that not only met the seller’s expectations but made sense for the buyer as well.”
Storage Fit, located at 3701 Dividend Drive, comprises 140 drive-up units.
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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 www.MarcusMillichap.com.
