# Marcus & Millichap Brokers Sale of 299-Unit Crowley Space Station in Texas: California Buyer Absorbs Fort Worth-Metro Drive-Up Asset

> A Fort Worth-adjacent drive-up facility changed hands to West Coast private capital in a deal that fits September's pattern: institutional headlines grab attention, but anonymous California buyers still hunt Texas yield in secondary metros.

- URL: https://www.yourcaio.co/news/marcus-millichap-crowley-space-station-texas-sale-september-2026
- Published: 2026-09-17
- Author: David Cartolano (https://www.yourcaio.co/about)
- Category: Acquisitions
- Property type: Self-Storage
- Tags: Marcus & Millichap, Texas Self-Storage, Crowley Texas, Private Capital, September 2026 Deals
- Source: [REBusinessOnline / Marcus & Millichap](https://faribai.com/2026/09/12/marcus-millichap-brokers-sale-of-299-unit-self-storage-facility-in-crowley-texas/)

## Key Takeaways

- Marcus & Millichap brokered the sale of Crowley Space Station, a 299-unit self-storage facility with 64,210 net rentable square feet on 5.2 acres in Crowley, Texas, per a September 12, 2026 trade report.
- The property offers drive-up units, covered parking, and uncovered parking; Brandon Karr of Marcus & Millichap represented the seller, a local owner-operator, and procured a California-based private investor buyer.
- Both buyer and seller requested anonymity in the published report, a common structure in mid-market trades where operators avoid signaling portfolio strategy.
- Crowley sits south of Fort Worth in the Dallas-Fort Worth metro, a market where Yardi Matrix tracked supply growth deceleration across top-30 metros through July 2026.
- The deal follows other September 2026 Texas activity including [Direct Equity Source's Granbury portfolio buy](https://www.yourcaio.co/news/direct-equity-source-granbury-three-property-acquisition-september-2026) and institutional development in Sun Belt corridors.

Marcus & Millichap brokered the September 12, 2026 sale of Crowley Space Station, a 299-unit, 64,210-square-foot self-storage facility on 5.2 acres in Crowley, Texas, south of Fort Worth. Brandon Karr represented a local owner-operator seller and procured a California-based private investor buyer; both parties stayed anonymous.

The trade is mid-market in size but typical in buyer geography: coastal private capital buying Texas drive-up cash flow while REITs digest [Q2 2026 stabilization data](https://www.yourcaio.co/news/self-storage-sector-stabilizes-q2-2026-scotsman-september-2026) that shows occupancy support from fewer move-outs, not demand acceleration.

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## What Changed Hands in Crowley?

Crowley Space Station sits in the Fort Worth-adjacent submarket, offering drive-up units plus covered and uncovered parking across 64,210 net rentable square feet. The 5.2-acre site packs vehicle storage into the revenue stack, not just traditional 10x10 inventory.

Marcus & Millichap's Brandon Karr ran both sides of the brokerage: listing representation for the local owner-operator and buyer procurement for the California private investor. Anonymity on both sides signals a seller who did not want competitors reading portfolio strategy and a buyer who may be assembling a non-public platform.

| Detail | Crowley Space Station |
|--------|----------------------|
| Units | 299 |
| Net rentable SF | 64,210 |
| Land | 5.2 acres |
| Product mix | Drive-up, covered parking, uncovered parking |
| Submarket | Crowley, Texas (south of Fort Worth) |
| Report date | September 12, 2026 |
| Broker | Brandon Karr, Marcus & Millichap |

No purchase price was disclosed in the published report. Mid-market Texas trades in 2026 often price on stabilized NOI multiples rather than per-door benchmarks when parking income skews unit counts.

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## Why Does Fort Worth-Metro Matter for Buyers?

DFW is not Phoenix 2023, but it is still a top-30 metro in Yardi Matrix development tracking. Through July 2026, national under-construction supply sat at 2.1% of stock, down 10 basis points month over month, with Phoenix still leading the pipeline at 6.6% despite negative month-over-month movement.

Crowley is secondary within the MSA: far enough from urban core lease-up wars to offer yield, close enough to Fort Worth employment and housing growth to sustain move-ins. That is the same thesis behind [Marcus & Millichap's Double D Monahans, Texas, 529-unit sale in August 2026](https://www.yourcaio.co/news/marcus-millichap-double-d-monahans-529-unit-sale-august-2026), where West Texas oil-country demographics supported a tertiary trade.

Private California buyers have been active across Texas all year. [Direct Equity Source closed a three-property Granbury portfolio in September 2026](https://www.yourcaio.co/news/direct-equity-source-granbury-three-property-acquisition-september-2026) with a Journey Storage rebrand. Crowley adds another dot on the map without requiring a billion-dollar balance sheet.

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## How Does Crowley Fit September 2026 Deal Flow?

Inside Self-Storage's September 2026 roundup captured institutional and private trades on the same calendar page. [Public Storage finished Canada on September 1](https://www.yourcaio.co/news/public-storage-canada-acquisition-closes-september-2026). [Andover bought Leominster, Massachusetts](https://www.yourcaio.co/news/andover-properties-leominster-massachusetts-acquisition-september-2026). [Shurgard expanded Manchester, UK](https://www.yourcaio.co/news/shurgard-manchester-belle-vue-acquisition-september-2026).

Crowley will not make those headlines. It belongs in the [August deal-roundup pattern](https://www.yourcaio.co/news/list-self-storage-august-deal-roundup-buyer-patterns-september-2026) where mid-market capital consolidates drive-up assets while mega-cap closes platforms and developers deliver [new Class-A supply in regulated versus open markets the same week](https://www.yourcaio.co/news/nyc-dcwp-self-storage-rules-effective-september-17-2026).

Brokers win on volume in this band. Marcus & Millichap also moved an [861-unit Wisconsin portfolio for Storage Authority in early September 2026](https://www.yourcaio.co/news/marcus-millichap-storage-authority-wisconsin-861-unit-september-2026). Crowley is the other end of the same shop: single asset, anonymous parties, fast close.

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## What Should Operators Infer From Anonymous California Buyers?

Anonymity usually means one of three things: a first-time storage entrant, a family office stacking single assets before branding, or an existing regional operator avoiding competitor attention. None of those profiles change operating math.

The seller type matters more: a local owner-operator exit implies the asset was mature enough to attract coastal capital but not large enough to draw REIT bidding. REITs bought $222.5 million of properties in Q2 2026 per earnings reports, but those tickets cluster in top-50 MSAs with scale.

Drive-up plus parking mixes also attract buyers who underwrite vehicle storage premiums separately from climate-controlled street rates. TractIQ's July 2026 data showed national street rates at $1.60 per square foot, up 6.7% year over year, while Yardi Matrix advertised rates still fell 1.6% nationally. Buyers in Crowley are betting localized street pricing beats national averages.

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## The Numbers Worth Writing Down

- Units: **299**
- Net rentable square feet: **64,210**
- Land: **5.2 acres**
- Location: **Crowley, Texas (south of Fort Worth)**
- Reported sale date: **September 12, 2026**
- Broker: **Brandon Karr, Marcus & Millichap**
- Buyer profile: **California-based private investor (anonymous)**
- Seller profile: **Local owner-operator (anonymous)**
- National T-12 supply deliveries (2026): **2.4% of starting inventory**, per Yardi Matrix via Scotsman Guide

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## Texas Yield Still Travels West

Crowley Space Station will not reshape sector cap tables. It confirms September 2026 liquidity at the asset level: local sellers can exit, coastal privates can still deploy, and Marcus & Millichap can run both sides without a press release from Frisco or Frisco-adjacent REIT headquarters.

The sector's narrative is stabilization. The deal sheet's narrative is still dispersion: billion-dollar platform closes in Canada, 299-unit drive-up trades south of Fort Worth the same month. Operators pricing their own assets should watch the middle market, not just the [Colliers and Green Street progress-not-recovery framing](https://www.yourcaio.co/news/colliers-green-street-self-storage-progress-not-recovery-september-2026).

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## Sources

- [Marcus & Millichap Brokers Sale of 299-Unit Self-Storage Facility in Crowley, Texas](https://faribai.com/2026/09/12/marcus-millichap-brokers-sale-of-299-unit-self-storage-facility-in-crowley-texas/), Faribai / REBusinessOnline, September 12, 2026
- [Self-Storage Real Estate Acquisitions and Sales: September 2026](https://www.insideselfstorage.com/self-storage-investing-real-estate/self-storage-real-estate-acquisitions-and-sales-september-2026), Inside Self-Storage, September 11, 2026
- [Self Storage Market Outlook](https://www.yardimatrix.com/blog/self-storage-market-outlook/), Yardi Matrix, August 2026
- [Self-Storage Sector Stabilizes Q2 2026](https://www.yourcaio.co/news/self-storage-sector-stabilizes-q2-2026-scotsman-september-2026), Your CAIO
- [Direct Equity Source Granbury Portfolio](https://www.yourcaio.co/news/direct-equity-source-granbury-three-property-acquisition-september-2026), Your CAIO

## Frequently Asked Questions

### What sold in Crowley, Texas, in September 2026?

Crowley Space Station, a 299-unit self-storage facility with 64,210 net rentable square feet on 5.2 acres south of Fort Worth, sold in a transaction brokered by Marcus & Millichap and reported September 12, 2026. The site includes drive-up units plus covered and uncovered parking.

### Who brokered the Crowley Space Station sale?

Brandon Karr of Marcus & Millichap represented the seller, a local owner-operator, and procured the buyer, a California-based private investor, per the September 12, 2026 report. Both parties requested anonymity.

### How large is the Crowley Space Station facility?

The facility spans 5.2 acres with 299 units and 64,210 net rentable square feet, including drive-up self-storage and vehicle parking options, per the Marcus & Millichap trade report published September 12, 2026.

### How does this deal compare to other September 2026 acquisitions?

Crowley is a single-asset private trade, not a portfolio rollup. September 2026 also saw [Streamlined Storage buy A to Z Mini Storage in Iowa](https://www.yourcaio.co/news/streamlined-storage-newton-iowa-atoz-acquisition-september-2026), [Inland's 859-unit Joliet acquisition](https://www.yourcaio.co/news/inland-devon-joliet-illinois-859-unit-acquisition-september-2026), and [Clarion Partners' $21 million Plantation, Florida, buy](https://www.yourcaio.co/news/clarion-partners-plantation-florida-935-unit-acquisition-september-2026).

### Why are California buyers acquiring Texas self-storage?

Private investors continue targeting Texas cash flow where entitlements and land costs still support drive-up economics. Yardi Matrix reported trailing 12-month supply deliveries at 2.4% of starting inventory nationally in 2026, with deceleration in top metros, while institutional capital also closed mega-deals like [Public Storage's $1.2 billion Canada platform buy](https://www.yourcaio.co/news/public-storage-canada-acquisition-closes-september-2026).

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Cite as: David Cartolano, "Marcus & Millichap Brokers Sale of 299-Unit Crowley Space Station in Texas: California Buyer Absorbs Fort Worth-Metro Drive-Up Asset," YourCAIO.co, 2026-09-17, https://www.yourcaio.co/news/marcus-millichap-crowley-space-station-texas-sale-september-2026