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Marcus & Millichap Arranges the Sale of a 125,060-Square-Foot Self-Storage Facility in Tanner, Alabama

January 04, 2022

Tanner, Alabama, January 4, 2022 – 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 Storage Port, a 125,060-square-foot self-storage facility located in Tanner, Alabama, 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 exclusive listing to market the property on behalf of the seller. Eddie Greenhalgh, Alabama Broker of Record, assisted in closing this transaction. Gabriel Coe, the lead agent, said, “This property is a class A facility that was 25 percent full through the first two years and sold to an out of state buyer after multiple competing offers. The buyer will benefit from the continued lease up and having a Class A property in one of the fastest growing parts of that state.”

Storage Port is located in Tanner, Alabama, about 19 miles south-west of Huntsville, Alabama. The facility is a newly built, class-A facility that opened in 2020 and features 26 climate-controlled units, 545 non-climate-controlled units, and two office spaces totaling 125,060 net rentable square feet. They also offer 46 parking spaces for rent.

 

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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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