Marcus & Millichap Arranges Sale Of 74,270SF Self-Storage Facility
WHITE HOUSE, Tennessee, July 14, 2021 – 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 Union Road Self Storage, a 74,270-square-foot self-storage facility located in White House, Tennessee, according to Grant Fitzgerald, Regional Manager of the firm’s Columbus office.
Gabriel Coe and Brett R. Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the listing to market the property on behalf of the seller and they were able to secure the buyer in the transaction as well. Jody McKibben, Tennessee Regional Manager and Broker of Record, assisted in closing this transaction.
Gabriel Coe, the lead agent on the transaction, said, “This transaction was a win-win for both the seller and the out-of-state REIT buyer. We were able to close at a great price after a competitive sales process and we feel the buyers are adding a strong piece to their self-storage portfolio.”
Union Road Self Storage is located about 21 miles north of Nashville, Tennessee. The facility features 39 climate-controlled units and 312 non-climate-controlled units totaling 74,270 net rentable square feet. The facility sits on over six acres of land and is in a growing area.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.