Marcus & Millichap brokers sale of 950-unit Springtown, Texas self-storage portfolio

Marcus & Millichap brokered the sale of the Springtown & Azle Storage Portfolio, a two-asset, 950-unit self-storage package near Fort Worth.

• The portfolio totals 150,980 rentable square feet across more than 15 acres, spanning Springtown and Azle, Texas.
• The seller was a DFW family partnership shifting proceeds into its HVAC business, and the buyer was 10 Federal.
• The transaction closed at more than 95% of the original asking price despite capital markets volatility.