{"id":1004329205,"date":"2019-06-05T06:47:30","date_gmt":"2019-06-05T14:47:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004329205"},"modified":"2025-02-28T00:30:51","modified_gmt":"2025-02-28T08:30:51","slug":"marcus-millichap-arranges-ak-storage-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/","title":{"rendered":"Marcus &#038; Millichap Arranges AK Storage Sale"},"content":{"rendered":"<div id=\"attachment_1004329214\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004329214\" data-attachment-id=\"1004329214\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/the-storage-place-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg\" data-orig-size=\"1271,954\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Lucia Morosanu&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1559747092&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The storage Place\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The storage Place. Image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg?w=1024\" class=\"wp-image-1004329214 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg 1271w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004329214\" class=\"wp-caption-text\">The storage Place. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Sparkplug Capital\u2014which operates under the brand name Red Dot Storage\u2014has acquired The Storage Place, a 46,982-square-foot self storage facility in Little Rock, Ark., for $1.3 million from a private investor, according to Pulaski County records. The buyer financed the acquisition through an undisclosed 3-year loan from Texas Capital Bank.<\/p>\n<p>Located at 4607 Hoffman Road, the asset comprises five individual parcels\u2014three of which are unimproved and the remaining two parcels are situated across the street from each other. The facility, which was completed in 1971 and expanded in 1994, consists of 248 non-climate drive up units and 19 uncovered parking spaces. Recent renovations included 24-hour surveillance cameras, perimeter lighting, security gates with personalized key-pad entry, garage-style roll up doors, a manager\u2019s office and paved driveways.<\/p>\n<p>Senior Vice President Investments Brandon Karr and Senior Associate Danny Cunningham from Marcus &amp; Millichap\u2019s Fort Worth office worked on behalf of the seller and procured the buyer. Recently, the same brokerage team closed the <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-dallas-area-storage\/\">sale of a 735-unit storage facility<\/a> in Corsicana, Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s Fort Worth office brokered the $1.3 million sale of The Storage Place, a roughly 47,000-square-foot self storage facility in Little Rock.<\/p>\n","protected":false},"author":748,"featured_media":1004329214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21742],"tags":[43298,40740,37584,45827,45719],"class_list":["post-1004329205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-latest","tag-danny-cunningham","tag-karr-self-storage","tag-marcus-millichap-capital","tag-red-dot-storage","tag-texas-capital-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marcus &amp; Millichap Arranges AK Storage Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap Arranges AK Storage Sale\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s Fort Worth office brokered the $1.3 million sale of The Storage Place, a roughly 47,000-square-foot self storage facility in Little Rock.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-05T14:47:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T08:30:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1271\" \/>\n\t<meta property=\"og:image:height\" content=\"954\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/\",\"name\":\"Marcus & Millichap Arranges AK Storage Sale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg\",\"datePublished\":\"2019-06-05T14:47:30+00:00\",\"dateModified\":\"2025-02-28T08:30:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-ak-storage-sale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/The-storage-Place-1-e1559744339200.jpg\",\"width\":1271,\"height\":954,\"caption\":\"The storage Place. 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