COLUMBUS, OH, July 13, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of the Cincinnati Storage Portfolio (top left photo), a five-property self-storage portfolio located in the Cincinnati MSA. The sales price for the entire portfolio is $13,200,000.
Brett Hatcher (lower right photo), a senior associate in Marcus & Millichap’s Columbus office, and Matt Amos, an associate in Cincinnati, represented the Cincinnati-based seller. The buyer is Cleveland-based Amsdell Cos.
“With the acquisition of this portfolio, the new owner has taken advantage of an opportunity to capture favorable efficiencies in the Cincinnati-area marketplace,” says Hatcher.
“The properties are located predominately in infill areas and the surrounding market features favorable density and demographics with a solid mix of residential and commercial development.”
“All of the properties are situated on or exposed to major thoroughfares with ample frontage and/or signage,” adds Hatcher.
Three of the properties are in Kentucky and two are located in Ohio.
Contact:
Stacey Corso
Public Relations Manager
(925) 953-1716
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