Sold! Weekly Self-Storage Acquisition Round Up 9.20.17
An out-of-state private investor has purchased Stockton Self Storage in Stockton, CA. The 53,425-square foot facility is at 1880 W. Charter Way. Situated on 6.6 acres, the facility comprises 409 non-climate-controlled storage units and 225 covered parking spaces for boats and RVs. The sale price and the names of the buyer and the seller, who’s a private investor, weren’t disclosed. Marcus & Millichap’s Devin Beasley, Luke Elliott, Michael Mele and Daniel Kuchugurny listed the property on behalf of the seller and represented the buyer. Marcus & Millichap’s James Markel helped close the deal. Elliott says the team fielded several bids from prospective buyers across the country.
The Mele Group of Marcus & Millichap Arranges the Sale of a 53,425-Square Foot Self-Storage Facility
STOCKTON, CA, September 19, 2017- Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Stockton Self Storage, a 53,425-square foot self-storage facility located in Stockton, CA, according to Ari Ravi, regional manager of the firm's Tampa office.
Sold! Weekly Self-Storage Acquisition Round Up 9.6.17
A two-property self-storage portfolio in Apache Junction, AZ, has changed hands. Brokers at Marcus & Millichap handled the sale of the 608-unit portfolio, which features 86,963 rentable square feet. A private investor bought the portfolio from another private investor. The two properties, which are within a mile of each other, are at 1678 Superstition Blvd. and 1735 W. Apache Trail. Marcus & Millichap’s Michael Mele and Luke Elliott in Tampa, FL; Devin Beasley in Phoenix, AZ; and Daniel Kuchugurny in Sacramento, CA, marketed the property on behalf of the seller. Kuchugurny and Sacramento colleague Edward Nelson brought the buyer to the table. Brian Tranetzki, a Marcus & Millichap broker in Phoenix, helped close the deal.
Phoenix-Area Self-Storage Assets Find Out-of-State Owner
The Mele Group of Marcus & Millichap facilitated the sale of Ironwood and Strongbox—two self-storage facilities in Apache Junction, Ariz., comprising 608 units—to a buyer based outside of Arizona. Specialists in the firm’s Phoenix, Tampa and Sacramento offices brokered the transaction. Prior to the deal, the Apache Junction self-storage portfolio belonged to an out-of-state private investor.
The Mele Group of Marcus & Millichap Arranges the Sale of a 86,936-NRSF Self-Storage Portfolio
APACHE JUNCTION, AZ, September 1, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Apache Junction Self-Storage Portfolio, a 608-unit self-storage portfolio of two properties located in Apache Junction, Arizona, according to Ari Ravi, regional manager of the firm’s Tampa office.