Texas Self Storage Facility Trades

1 min read

Marcus & Millichap brokered the transaction.

Trojan Self Storage. Image courtesy of Marcus & Millichap

Trojan Self Storage, an 87,480-square-foot facility located in Troy, Texas, has changed hands. Yardi Matrix data shows the owner was a private individual. The asset was sold to a Texas-based private investor.

According to Bell County records, the new owner received an acquisition loan of $4.9 million originated by Alliance Bank and a seller carry-back loan of $2.6 million from Hicks Family Properties.

Senior Vice President Brandon Karr of Marcus & Millichap represented the seller and secured the buyer in this transaction.

Trojan Self Storage was built in four phases, between 2018 and 2021. The facility encompasses 21 buildings across 5.2 acres and offers a mix of non-climate and climate-controlled units, ranging from 50 to 384 square feet. On-site amenities include 24-hour access, video surveillance, drive-up access and RV and boat parking.

Situated at 610 Church Ave., next to Interstate 35, the property is situated roughly 8 miles from Temple, with easy access to major Texas cities including Dallas, Fort Worth, Austin and Houston.

Marcus & Millichap has recently arranged several self storage deals in the Houston market. Public Storage acquired a 189,088-square-foot facility, while Andover Properties expanded its footprint in the area with the acquisition of a portfolio of four storage properties, totaling 429,169 square feet.

You May Also Like

The latest multifamily news, delivered every morning.


Latest Stories

Like what you're reading? Subscribe for free.