Marcus & Millichap Brokers Sale of Big Blue Self Storage in Frankfort
FRANKFORT, N.Y., December 1, 2023 – 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 Big Blue Self Storage, a 47,325-square-foot self-storage located in Frankfort, New York. The property sold for an undisclosed price.
Kevin Bledsoe, Matthew Junkin and Andreas Makris had the exclusive listing to market the property on behalf of the seller, a limited liability company, in addition to procuring the buyer, Moove In Self Storage. John Horowitz assisted in the transaction as New York broker of record. The property went under contract within one month.
“I have been friends with the owners of the facility for seven years,” says Bledsoe. “When they approached our team about selling Big Blue Self Storage, we were excited to work with them and grateful for their trust in us to handle the sale of their investment.”
“Selling commercial real estate is usually less personal than selling a home, but the owners put a lot of effort into improving these properties,” he added. “The sale of these facilities has been a long journey for the owners, and we are pleased to have found the perfect buying group to help them achieve their investment goals."
Big Blue Self Storage is located at 111 Dyke Rd in Frankfort, New York. The property was built in 2009 and features drive-up self-storage, interior units, a contractor space and outdoor parking, in addition to future expansion potential.
# # #
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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.