Private investor Bakhtari LLC recently purchased All Star Self Storage in Celina, Texas, from investment group Jimmie Evans Family Partners for $4.2 million. The 11-acre property at 3910 S. Preston Road comprises 66,215 square feet in 373 storage units, 169 covered parking slots and 105 open spaces for additional vehicle storage.
Built in 2003, the facility comprises seven single-story metal buildings with standing-seam metal roofs and slab-on-grade concrete foundations. Property features include insulated ceilings, keypad access, perimeter fencing and lighting, video cameras, and wide concrete driveways. There’s also a manager’s residence and room for expansion, according to a press release from Marcus & Millichap Real Estate Investment Services, the commercial-property investment firm that brokered the deal.
Brandon Karr, associate vice president of investments in the firm’s Fort Worth, Texas, office, represented the buyer and seller.
Marcus & Millichap has more than 1,300 investment professionals in offices throughout the United States and Canada. The company closed more than 6,600 transactions in 2013 with a value of approximately $24 billion.
All Star Self Storage operates nine locations serving the Dallas/Fort Worth area.
Sources:
- All Star Self Storage: Website
