Marcus & Millichap Arranges the Sale of a 429 Unit Self-Storage Facility
Marla Čolić and Anne Williams, investment specialists in Marcus & Millichap’s St. Louis and Memphis offices, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a fund manager, was also represented by Marla Čolić and Anne Williams. “Our family is grateful for Marla’s hard work from start of marketing to the day of closing" said the Seller. The Buyer is a private equity firm with national coverage. Dave Saverin, Missouri Broker of Record, assisted in closing this transaction.
Marshall Central Storage is located at 579 Drake Road in Marshall, Missouri. Marshall Central Storage consists of 429 units covering 82,320 net rentable square feet over 5.9 acres. Built between 2016-2021, the property was 98 percent physically occupied the day of closing.
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About Marcus & Millichap, Inc. (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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.