The LeClaire-Schlosser Group of Marcus & Millichap Arranges the Sale of Ballpark Self Storage in Adelanto, California
Keith Phillips, Investment Associate, in Marcus & Millichap’s Encino, California office, and Adam Schlosser, Senior Vice President Investments, in the firm’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a California-based LLC. “The previous ownership group built the asset from the ground up, as well as operated it, from day one,” said Phillips. The Buyer, Nova Storage, is a regional operator with several locations in the Southern California market.
Ballpark Self Storage consists of 376 units located between Highway 395 and Adelanto Road, the main arteries in Adelanto. The facility features a modern and oversized leasing office, drive up non-climate storage options for tenants, security cameras, concrete drive aisles, and keypad access and electronic gate.
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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.