MARCUS & MILLICHAP SELLS A 68,680 SQUARE-FOOT SELF-STORAGE FACILITY
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Premier Self Storage, a 649-Unit Self-Storage Facility located in Modesto, CA, according to Justin C. White, Vice President of the firm’s Seattle office. The asset commanded a sales price of $4,500,000.
Joel Deis and Christopher R Secreto, self-storage investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a private investor, was also secured and represented by Joel Deis and Christopher R Secreto.
About Marcus & MillichapWith 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.]]>