New York LLC Acquires Blue Water Self Storage in Freeport, Texas
A New York based limited liability company has purchased Blue Water Self Storage, a 56,600 sq ft facility in Freeport, Texas, despite not meeting typical demographic criteria.
Blue Water Self Storage, a 56,600 sq ft facility located at 1932 FM 523 in Freeport, Texas, has been successfully sold to a New York based limited liability company. The deal was brokered by Dave Knobler from Marcus & Millichap, a leading commercial real estate brokerage firm. The property, situated on 8.17 acres, is a self storage facility that offers storage units to individuals and businesses in the area.
Despite not meeting typical demographic criteria, the proximity of Blue Water Self Storage to the Surfside Beach tourism area played a significant role in attracting the buyer. The buyer, a New York based limited liability company, recognized the potential of the property due to its location and market knowledge.
Blue Water Self Storage is strategically positioned to serve the storage needs of both residents and businesses in Freeport, Texas. With a total of 56,600 square feet of rentable space, the facility offers a wide range of storage unit sizes to accommodate various needs. The property also benefits from its large land area of 8.17 acres, providing ample space for expansion or additional development.
The seller, Marcus & Millichap, is a well-known and respected commercial real estate brokerage firm with a strong presence in the Houston area. Dave Knobler, the broker responsible for the deal, has extensive experience in the self storage sector and was able to leverage his market knowledge to facilitate a successful closing.
The acquisition of Blue Water Self Storage by the New York based limited liability company highlights the continued interest in the Texas real estate market. Despite not meeting typical demographic criteria, the buyer recognized the potential of the property and its strategic location near the Surfside Beach tourism area. This deal serves as a testament to the importance of market knowledge and understanding the unique dynamics of a specific location.
As the commercial real estate market in Texas continues to thrive, self storage facilities like Blue Water Self Storage are becoming increasingly attractive to investors. The demand for storage space remains strong, driven by both residential and commercial customers. With its prime location and potential for expansion, Blue Water Self Storage presents a promising investment opportunity.
Overall, the successful sale of Blue Water Self Storage in Freeport, Texas, to a New York based limited liability company demonstrates the strength of the commercial real estate market in the area. The buyer’s recognition of the property’s potential, combined with the expertise of Marcus & Millichap and broker Dave Knobler, resulted in a favorable outcome for all parties involved. This deal serves as a reminder of the importance of market knowledge and the ability to identify unique investment opportunities in the ever-evolving commercial real estate landscape.