Marcus & Millichap Inc.
07/08/2026 | Press release | Distributed by Public on 07/08/2026 14:58
Marcus & Millichap Arranges Sale of Double D Storage Portfolio in Monahans, Texas
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Marcus & Millichap Arranges Sale of Double D Storage Portfolio in Monahans, Texas
July 08, 2026
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MONAHANS, Texas, July 8, 2026 - 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 Double D Storage Portfolio, a 64,200-square-foot self-storage portfolio located in Monahans, Texas.
"Despite the facility's tertiary location, we were confident in our ability to generate offers that met the seller's expectations. Utilizing our national network of active investors, we procured an acceptable offer within one week of putting the property on the market," said Danny Cunningham, senior managing director investments. "The transaction was very collaborative from start to finish, and although a small environmental challenge was uncovered during the inspection period, we closed the deal on time at the original contract price for more than 95% of list."
Cunningham and Brandon Karr, investment specialists in Marcus & Millichap's Fort Worth office, exclusively marketed the property on behalf of the seller who spent many years assembling and operating the Monahans portfolio before deciding to pursue a sale. After following the Karr-Cunningham Team's track record in the self-storage sector, he engaged Marcus & Millichap to exclusively market the properties, and procured the buyer, Colorado-based private investor acquiring his first self-storage facility after previously working for a national self-storage developer.
The Double D Storage Portfolio at 810 S Stockton Ave. consists of five self-storage facilities and a centralized leasing office. The portfolio contains 529 units totaling 4.54 acres and was 98% occupied at the time of sale. Originally developed in 1993, the Permian Basin portfolio benefits from proximity to the Midland-Odessa employment corridor and offers opportunities for future revenue growth through rate optimization, ancillary income programs and digital marketing initiatives.
"Despite the facility's tertiary location, we were confident in our ability to generate offers that met the seller's expectations. Utilizing our national network of active investors, we procured an acceptable offer within one week of putting the property on the market," said Danny Cunningham, senior managing director investments. "The transaction was very collaborative from start to finish, and although a small environmental challenge was uncovered during the inspection period, we closed the deal on time at the original contract price for more than 95% of list."
Cunningham and Brandon Karr, investment specialists in Marcus & Millichap's Fort Worth office, exclusively marketed the property on behalf of the seller who spent many years assembling and operating the Monahans portfolio before deciding to pursue a sale. After following the Karr-Cunningham Team's track record in the self-storage sector, he engaged Marcus & Millichap to exclusively market the properties, and procured the buyer, Colorado-based private investor acquiring his first self-storage facility after previously working for a national self-storage developer.
The Double D Storage Portfolio at 810 S Stockton Ave. consists of five self-storage facilities and a centralized leasing office. The portfolio contains 529 units totaling 4.54 acres and was 98% occupied at the time of sale. Originally developed in 1993, the Permian Basin portfolio benefits from proximity to the Midland-Odessa employment corridor and offers opportunities for future revenue growth through rate optimization, ancillary income programs and digital marketing initiatives.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
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