Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of I-20 Ranch Self Storage, a 55,956-square foot self storage facility located in Longview, Texas, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office. Brandon Karr, Senior Vice President Investments, and Danny Cunningham, First Vice President Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the sellers, a family operation based…
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The LeClaire-Schlosser Group of Marcus & Millichap Sells Minikahda Storage and Excelsior Tech Center in Hopkins, Minnesota
The LeClaire-Schlosser Group of 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 Minikahda Storage and Excelsior Tech Center, a multi-story mixed-use facility with 186,777 net rentable square feet located in Hopkins, Minnesota. Charles “Chico” LeClaire, Executive Managing Director Investments, and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver, Colorado office, and Chris Kampmeyer, Investment Associate, in the firm’s Minneapolis, Minnesota office had the exclusive listing to market the property…
The Future of Self Storage
For the first time in my 15+ year history at Argus I find myself wondering why self storage values are growing at such a rapid pace. With all of the hype surrounding self storage it’s worth contemplating; is this as good as it gets? We’ve been talking about the uncertainty of this self storage valuation boom for 10+ years now, including how long it will last and the impacts of major driving factors such as interest rates, new development, consumer and demographic trends and overall market fundamentals. For now, all…
Featured Broker: Brandy Rundel
Brandy Rundel specializes in commercial real estate in Northern California. Her success and principal focus is retail development, landlord representation and shopping center leasing. She works with many local, regional, national retailers and has over 20 years of experience leasing open-air power centers, neighborhood and mixed-use developments. Prior to joining Northstate Commercial Partners, Brandy spent much of her career preleasing retail shopping center developments while working for commercial developers Sooner Investment and Collett & Associates based in Charlotte, North Carolina. Most recently, she leased and managed an established lifestyle center…
Featured Broker: Ken Miller
Ken is the principle broker and owner of Northstate Commercial Partners. Having been in the business for over 30 years and developed friendships and professional associations across the state and the country, Ken prides himself less on what he knows and more on who he knows. With affiliations in the Society of Industrial and Office Realtors (SIOR) and the International Council of Shopping Centers (ICSC), Ken has built a network of trusted colleagues across all geographic regions and product types that continue to feed real estate and development leads his…
CBRE Arranges the Sale of Tigard, OR Facility
The facility, purchased by Trojan Storage, consists os 29,765 rentable square feet throughout 264 units. CBRE’s Nick Walker, Trevor Roberts, and Morgan Windbiel represented the seller. Source
SkyView Advisors Sells Richmond, TX Self Storage Facility
Zachary Urow and Ryan Clarke of Skyview Advisors arranged the sale of Extra Space Storage in Richmond, TX. The facility consists of 745 units throughout 93,630 rentable square feet. Source
SkyView Advisors Arranges the Sale of Pittsburgh, PA Facility
Zachary Urow and Ryan Clarke of Skyview Advisors brokered the sale of Advanced Self Storage of Wexford, a 36,600 square foot facility consisting of 283 units in Pittsburg, PA. The buyer and seller were not named and the price was undisclosed. Source
HPI Real Estate Purchases Naples, FL Facility
Located at 8471 Davis Blvd, the Extra Space Storage Managed faciliity consists of 79,345 rentable square feet throughout 722 units. The seller, Davis & Radio Storage, LLC. was represented by Zachary Urow and Ryan Clarke of Skyview Advisors and sold for an undisclosed price. Source
InSite Property Group Buys 3.5-Acre Development Property for Self Storage
InSite Property Group bought a 3.5-acre site at the intersection of South Alameda Street and Firestone Boulevard in Los Angeles, CA. It intends to build a 121,000-net-rental-square-foot, climate-controlled SecureSpace storage facility with more than 1,200 units. There also will be two retail spaces. Source
