Marcus & Millichap Brokers Sale of 454-Unit Self-Storage Facility in Melissa, Texas
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- 125 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
MELISSA, TEXAS — Marcus & Millichap has brokered the sale of UpLift Self Storage, a 454-unit facility located in the North Texas city of Melissa. The eight-building facility was built in 2021 and offers a mix of clima…
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