CubeSmart squares off in Odessa, Midland | CubeSmart squares off in Odessa, Midland | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8648 | 2013-01-08T06:56:00Z | 2013-01-08T00:00:00Z |
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:
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Grandview Self-Storage Center, Odessa;
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West County Road Self-Storage Center; Odessa;
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Loop 250 Self-Storage Center, Midland; and
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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
| Odessa
| Retail
| http://www.marketwatch.com/story/w-p-carey-announces-33-million-acquisition-of-four-texas-self-storage-properties-2012-12-19 | | | | Read more at {Source} |