MARCUS & MILLICHAP SELLS A 66,040 SQUARE-FOOT SELF-STORAGE FACILITY BUILDING
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Visalia Mini Storage, a 66,040 square-foot Self-Storage Facility property located in Visalia, CA, according to Justin C. White, Vice President of the firm’s Seattle office. The asset commanded a sales price of $2,700,000.
Christopher R Secreto, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a partnership.
Visalia Mini Storage is located at 725 North Plaza Drive. The facility was constructed in 1990 and expanded in 1998. Currently, the facility consists of 66,040 net rentable square feet and 604 units. All units are accessible at grade level and all buildings are single story.
About Marcus & Millichap
With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.