Houston Magi sell 1,600 self-storage unitsHouston Magi sell 1,600 self-storage unitshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=47182014-03-11T13:44:00Z2014-03-07T00:00:00Z

HOUSTON - Six self-storage properties totaling 270,000 sf have been sold. World Class Capital Group (WCC) purchased the 1,600 units. The properties range from 26,000 sf to 84,000 sf.

The locations are 632 Timkin Rd. in Tomball; 941 Fairmont Park in Pasadena; 4806 Marie Ave. in Deer Park; and 16530 W. Hardy Rd.; 5811 N. Houston Rosslyn Rd. and 8320-8330 Alabonson Rd. in Houston.

The seller was MMD Group, which operated the units as Magi Self Storage. WCC will rebrand the units as Great Value Storage. Renovations will start immediately.

“Houston is a strategic market for our platform and we plan to continue acquiring and developing high-quality self-storage facilities in the Houston market,” said WCC President and CEO Nate Paul.

Austin-based World Class Capital now operates 45 self-storage properties accounting for 25,000 units in several states.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2014/02/24/austin-real-estate-company-snags-big-houston-self.htmlRead more at {Source}

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