Press Releases
Marcus & Millichap Arranges Sale of 841-Unit Self-Storage Portfolio in Birgmingham, Alabama
October 06, 2026
BIRMINGHAM, Ala., Oct. 5, 2026 — 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 the UpLift Self Storage Portfolio, an 841-unit self-storage portfolio comprising two properties in Homewood and Birmingham, Alabama.
“Both facilities are located in submarkets that self-storage buyers are actively targeting,” said Adam Schlosser, executive managing director investments. “Newer-vintage, Class A self-storage product is scarce in both trade areas, and that scarcity contributed to a competitive process and strong outcome for our seller.”
Schlosser, Charles “Chico” LeClaire and Dave Knobler, investment specialists in Marcus & Millichap's Denver and Houston offices, represented the seller in the transaction. The transaction was completed in association with Eddie Greenhalgh, Marcus & Millichap's Alabama broker of record.
The Homewood facility, located at 480 Wildwood Circle North, was built in 2021 and comprises 385 units and 46,850 net rentable square feet. The Birmingham-area facility, located at 3240 Veterans Circle near Trussville, was built in 2016 and comprises 456 units and 52,125 net rentable square feet. Combined, the portfolio totals 841 units and 98,975 net rentable square feet.
“Both facilities are located in submarkets that self-storage buyers are actively targeting,” said Adam Schlosser, executive managing director investments. “Newer-vintage, Class A self-storage product is scarce in both trade areas, and that scarcity contributed to a competitive process and strong outcome for our seller.”
Schlosser, Charles “Chico” LeClaire and Dave Knobler, investment specialists in Marcus & Millichap's Denver and Houston offices, represented the seller in the transaction. The transaction was completed in association with Eddie Greenhalgh, Marcus & Millichap's Alabama broker of record.
The Homewood facility, located at 480 Wildwood Circle North, was built in 2021 and comprises 385 units and 46,850 net rentable square feet. The Birmingham-area facility, located at 3240 Veterans Circle near Trussville, was built in 2016 and comprises 456 units and 52,125 net rentable square feet. Combined, the portfolio totals 841 units and 98,975 net rentable square feet.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
