Marcus & Millichap Inc.
12/05/2025 | Press release | Distributed by Public on 12/05/2025 16:24
Marcus & Millichap Arranges Sale of 619-Unit Self-Storage Property in Abilene, Texas
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Marcus & Millichap Arranges Sale of 619-Unit Self-Storage Property in Abilene, Texas
December 05, 2025
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ABILENE, Texas, Dec. 3, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of ACI Self Storage, a 619-unit self-storage property located in Abilene, Texas.
"The family patriarch, who recently turned 80, ultimately decided it was time to begin divesting the family's real estate holdings," said Danny Cunningham, senior managing director investments. "When we reintroduced the asset to the market, we again generated multiple offers and ultimately sold to SW Group Realty, which operates under the Greenkey Storage brand. The Houston-based private capital group had recently acquired two other similarly sized facilities in West Texas."
Cunningham and Brandon Karr, investment specialists in Marcus & Millichap's Fort Worth office represented the seller, a family who built the first storage buildings on the property decades ago and gradually expanded the facility over the years, continuing to own and operate it across three generations until closing.
"Throughout the process, we were able to maintain engagement from both sides despite some fluctuations in property performance and a challenging financing environment," added Cunningham. "The buyer plans to modernize operations by implementing a professional management platform and launching an online presence - neither of which existed under prior ownership - while continuing the legacy established by the original developers."
Located at 1101 Tracy Lynn St., ACI Self Storage features 109 climate-controlled units, 498 non-climate drive-up units, six office/warehouse units and six office spaces, totaling 99,580 rentable square feet. The property spans approximately 8.03 acres across five parcels and was developed in phases between the early 1990s and 2012.
Cunningham noted this deal reflects broader trends in the self-storage sector.
"We are continuing to see strong interest in value-add storage opportunities, particularly from private capital groups willing to invest in operational improvements," he said. "If current momentum holds, our team could have more closings in the fourth quarter than in the rest of the year combined."
"The family patriarch, who recently turned 80, ultimately decided it was time to begin divesting the family's real estate holdings," said Danny Cunningham, senior managing director investments. "When we reintroduced the asset to the market, we again generated multiple offers and ultimately sold to SW Group Realty, which operates under the Greenkey Storage brand. The Houston-based private capital group had recently acquired two other similarly sized facilities in West Texas."
Cunningham and Brandon Karr, investment specialists in Marcus & Millichap's Fort Worth office represented the seller, a family who built the first storage buildings on the property decades ago and gradually expanded the facility over the years, continuing to own and operate it across three generations until closing.
"Throughout the process, we were able to maintain engagement from both sides despite some fluctuations in property performance and a challenging financing environment," added Cunningham. "The buyer plans to modernize operations by implementing a professional management platform and launching an online presence - neither of which existed under prior ownership - while continuing the legacy established by the original developers."
Located at 1101 Tracy Lynn St., ACI Self Storage features 109 climate-controlled units, 498 non-climate drive-up units, six office/warehouse units and six office spaces, totaling 99,580 rentable square feet. The property spans approximately 8.03 acres across five parcels and was developed in phases between the early 1990s and 2012.
Cunningham noted this deal reflects broader trends in the self-storage sector.
"We are continuing to see strong interest in value-add storage opportunities, particularly from private capital groups willing to invest in operational improvements," he said. "If current momentum holds, our team could have more closings in the fourth quarter than in the rest of the year combined."
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
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