Press Releases
Marcus & Millichap Arranges Sale of 292-Unit Self-Storage Portfolio in Clovis, N.M.
April 21, 2025
CLOVIS, N.M., April 21, 2025 – 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 a two property, 292-unit self-storage portfolio in Clovis, New Mexico.
“This sale was a great process from start to finish,” said Nathan Coe, senior managing director investments. “The seller had a target price that he worked towards and was patient until the market supported the price. We received many competitive offers and were able to close quickly, with an all-cash buyer at the target price.”
Nathan Coe, Gabriel Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Ryan Sarbinoff, the firm’s New Mexico broker of record, helped facilitate this transaction.
“I first connected with Nathan after a self-storage conference, and his professionalism left a strong impression,” said Nick, the seller. “Over the following years, he guided us through a careful, long-term evaluation process, ultimately securing a buyer at our target price. His strategic approach and honest market insights were invaluable throughout the transaction.”
The portfolio includes two self-storage facilities located at 3400 W. 7th Street and 5126 N. Prince Street in Clovis. Together, the properties comprise 262 non-climate-controlled units, 29 fully enclosed RV and boat units, and one office, totaling 53,880 net rentable square feet. Situated on a combined 3.24 acres and separated by approximately four miles, the facilities feature strong street frontage and benefit from a growing surrounding population.
“This sale was a great process from start to finish,” said Nathan Coe, senior managing director investments. “The seller had a target price that he worked towards and was patient until the market supported the price. We received many competitive offers and were able to close quickly, with an all-cash buyer at the target price.”
Nathan Coe, Gabriel Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Ryan Sarbinoff, the firm’s New Mexico broker of record, helped facilitate this transaction.
“I first connected with Nathan after a self-storage conference, and his professionalism left a strong impression,” said Nick, the seller. “Over the following years, he guided us through a careful, long-term evaluation process, ultimately securing a buyer at our target price. His strategic approach and honest market insights were invaluable throughout the transaction.”
The portfolio includes two self-storage facilities located at 3400 W. 7th Street and 5126 N. Prince Street in Clovis. Together, the properties comprise 262 non-climate-controlled units, 29 fully enclosed RV and boat units, and one office, totaling 53,880 net rentable square feet. Situated on a combined 3.24 acres and separated by approximately four miles, the facilities feature strong street frontage and benefit from a growing surrounding population.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
