Marcus & Millichap Announces the Sale of Access Self Storage in New Jersey

PHILLIPSBURG, New Jersey, February 21, 2024 – 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 Access Self Storage, a 18,074-square-foot self-storage facility located in Phillipsburg, New Jersey.

Luke Dawley, Nathan Coe, Brett R. Hatcher, and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. John Horowitz, New Jersey Broker of Record, assisted in closing this transaction.

“We are excited to close another New Jersey self-storage property with a seamless sale process for both buyer and seller,” said Luke Dawley, the lead agent involved. “This sale is another testament to the strength of the storage market across New Jersey today.”

Access Self Storage about 18 miles from Allentown, Pennsylvania in Phillipsburg, New Jersey. The facility was built in 2018 and is situated on 0.91 acres of land. It currently features 322 climate-controlled self-storage units that make up 18,074 net rentable square feet. Access Self Storage benefits from a good location with an affluent, dense and growing surrounding population base.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.