Marcus & Millichap Arranges Sale of 47,352 Self-Storage Portfolio in South Carolina for $2.5 million

July 7, 2016— Marcus & Millichap (NYSE: MMI) a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the...

July 7, 2016— Marcus & Millichap (NYSE: MMI) a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the Mini Storage for Less, a 47,352 net rentable square foot self-storage portfolio located in Anderson, SC, according to Michael L. Glass, regional manager of the firm’s Columbus office. The asset sold for $2,550,000.

Gabriel Coe and Brett R. Hatcher, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the portfolio on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Mike MacManus and Stacey Gorman, investment specialists in Marcus & Millichap’s Atlanta office. Raj Ravi, Broker, assisted in closing this transaction.

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The Mini Storage for Less Portfolio has two locations in Anderson, SC. The main facility is located at 752 Simpson Road and the second facility is located at 4013 Highway 81 South. The facilities offer amenities such as climate and non-climate controlled units, land for additional development, asphalt drives, 24-hour video surveillance, gated, keypad entries and steel roll-up doors.

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CharlotteCommercialNationalRaleigh-DurhamSalesSelf StorageSouth

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