Press Releases
Marcus & Millichap Arranges Sale of 242-Unit Self Storage Property in Missouri
November 12, 2024
ROLLA, Mo., Nov. 12, 2024 – 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 Gateway Storage of Rolla, a 242-unit self-storage property located in Rolla, Missouri.
“Storage investors continue to gravitate toward Rolla, Missouri with sizeable average rent growth over the past few years,” said Marla Čolić, first vice president investments. “Gateway Rolla, with the winning trifecta of strong stabilized economic occupancy, excellent physical location and our relentless marketing, attracted offers from storage investors nationally.”
Čolić, First Vice President investment specialist in Marcus & Millichap’s St. Louis office, had the exclusive listing to market the property on behalf of the seller, Gateway Storage Mall, and procured the buyer, an out-of-state investment group.
Located at 11295 Old Highway 66, Gateway Storage of Rolla offers 132 non-climate-controlled units and 110 climate-controlled units, totaling 33,978 square feet over 3.13 total acres. Built in 2015, the property is situated off Interstate 44 and receives visibility from more than 36,000 vehicles per day.
“Storage investors continue to gravitate toward Rolla, Missouri with sizeable average rent growth over the past few years,” said Marla Čolić, first vice president investments. “Gateway Rolla, with the winning trifecta of strong stabilized economic occupancy, excellent physical location and our relentless marketing, attracted offers from storage investors nationally.”
Čolić, First Vice President investment specialist in Marcus & Millichap’s St. Louis office, had the exclusive listing to market the property on behalf of the seller, Gateway Storage Mall, and procured the buyer, an out-of-state investment group.
Located at 11295 Old Highway 66, Gateway Storage of Rolla offers 132 non-climate-controlled units and 110 climate-controlled units, totaling 33,978 square feet over 3.13 total acres. Built in 2015, the property is situated off Interstate 44 and receives visibility from more than 36,000 vehicles per day.
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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, 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.
