{"id":1004449417,"date":"2020-05-20T04:50:21","date_gmt":"2020-05-20T12:50:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004449417"},"modified":"2025-02-27T01:09:31","modified_gmt":"2025-02-27T09:09:31","slug":"marcus-millichap-arranges-sale-of-texas-storage-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-texas-storage-portfolio\/","title":{"rendered":"Marcus &#038; Millichap Arranges Sale of Texas Storage Portfolio"},"content":{"rendered":"<div id=\"attachment_1004449420\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/927-N.-Robison-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004449420\" data-attachment-id=\"1004449420\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-texas-storage-portfolio\/927-n-robison-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/927-N.-Robison-Road.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"927 N. Robison Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;927 N. Robison Road. &lt;i&gt;Image via Google Maps &lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/927-N.-Robison-Road.jpg?w=800\" class=\"wp-image-1004449420 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/927-N.-Robison-Road.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/927-N.-Robison-Road.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/927-N.-Robison-Road.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/927-N.-Robison-Road.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004449420\" class=\"wp-caption-text\">927 N. Robison Road. <i>Image via Google Maps <\/i><\/p><\/div>\n<p>Marcus &amp; Millichap has closed the sale of two self storage properties totaling 85,656 net-rentable square feet in Texarkana, Texas. First Vice President Dave Knobler and Executive Managing Director Charles LeClaire represented the seller, a private investor based in Florida. CubeSmart oversees operations for both properties. Strat Property Management acquired the portfolio, according to public records.<\/p>\n<p>The buyer financed the purchase with a $2.4 million acquisition loan provided by State Bank of Dekalb. The note matures in 2023. The assets last changed hands in 2019, when the current seller acquired them from a local private investor, Bowie County records show.<\/p>\n<p>Located at 927 N. Robison Road and 241 Forest Lake Drive, the two properties were completed in 1976 and 1996, respectively. The facilities total 541 units and feature drive-up access, 24\/7 video surveillance, moving services and supplies and parking for RVs and boats.<\/p>\n<p>Last year, Knobler and LeClaire <a href=\"https:\/\/www.commercialsearch.com\/news\/the-leclaire-group-facilitates-texas-storage-sale\/\">arranged the disposition<\/a> of AAA Self Storage, a 65,950-net-rentable-square-foot facility in Bellville, Texas. At the time of closing, the property was 91 percent occupied.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dave Knobler and Charles LeClaire assisted the seller of the two CubeSmart managed properties.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742],"tags":[49429,35721,34836,45578],"class_list":["post-1004449417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","tag-chico-leclaire","tag-cubesmart","tag-marcus-millichap","tag-the-leclaire-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Marcus &amp; Millichap Arranges Sale of Texas Storage Portfolio - 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-sale-of-texas-storage-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; 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