Marcus & Millichap Arranges the Sale of American Mini Storage
JACKSON, MS, September 21, 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 American Mini Storage, a 43,600-square foot self-storage facility located in Jackson, Mississippi, according to Jody McKibben, first vice president and regional manager of the firm’s Memphis office.
"This was the fifth closing in Mississippi for us this year and like the others, there were multiple offers,” says Matt Porter. "This particular buyer was chosen because of his proven track record with our team which was important for our client.”
Porter and Anne Williams-Blackwell, first vice president investments, represented the seller in addition to procuring the buyer, an out-of-state investor. William M. “Mickey” Davis assisted in closing the transaction as Mississippi broker of record.
"No deal is without its fair share of obstacles and this one was no different. However, we had an amazing seller and tenacious buyer who worked together as a team to get the transaction closed in a timely manner," added Williams-Blackwell.
American Mini Storage is located at 2372 US-80 in Jackson, Mississippi, and features 340 non-climate-controlled units and 17 outdoor boat/RV parking spaces.
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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.