Marcus & Millichap Brokers Four-Property Self-Storage Portfolio Sale in Ohio
“Totaling 2,321 units and over 345,000 net rentable square feet, this portfolio sale represents a growing interest in acquiring sustainable assets in the Ohio self-storage industry,” said Brett Hatcher, senior managing director investments for the Hatcher Coe Group of Marcus & Millichap. “These four properties are conveniently located within 25 miles of each other, benefitting from densely populated areas with consistent growth over the years.” Hatcher, Gabriel Coe and Nathan Coe represented the seller and procured the buyer.
The properties feature climate-control and non-climate-control units, and parking spaces for rent. All four locations are fully secured by fencing that surrounds the entire facility with a gated, keypad entry. There is 24-hour camera surveillance throughout each property to ensure the safety of the tenants and their units.
“The properties have excellent street frontage on busy streets with high traffic, and our buyer plans to capitalize on these factors as they expand their roster of self-storage investments in the rapidly growing Columbus market,” added Hatcher.
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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.