CubeSmart squares off in Odessa, MidlandCubeSmart squares off in Odessa, Midlandhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=86482013-01-08T06:56:00Z2013-01-08T00:00:00Z

ODESSA, MIDLAND - Four self-storage facilities, totaling 361,490 sf, have been sold in west Texas for $32.6 million. The buyer was W. P. Carey Inc.

The portfolio’s four assets include: 

  • Grandview Self-Storage Center, Odessa;
  • West County Road Self-Storage Center; Odessa;
  • Loop 250 Self-Storage Center, Midland; and
  • Midkiff Self-Storage Center, Midland.

"The Midland-Odessa area is thriving due to energy demand, with year-over-year economic growth of 13.5 percent," said Brandon Karr of Marcus & Millichap’s Fort Worth office.

CubeSmart will manage all four properties.

Source: Marcus & Millichap

Marcus & Millichap Real Estate Investment Services
http://www.marketwatch.com/story/w-p-carey-announces-33-million-acquisition-of-four-texas-self-storage-properties-2012-12-19Read more at {Source}

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