Sunday, June 15, 2014

3,279—Unit Self-Storage Portfolio Sale Arranged by Marcus & Millichap in Arnold, MO


Storage Banc self-storage portfolio, Arnold, MO

ST. LOUIS, MO – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Storage Banc portfolio, a seven-property 404,578-net-rentable-square-foot self-storage portfolio with approximately 110,000 gross rentable square feet of climate-controlled warehouse space in suburban St. Louis, Mo.

The portfolio encompasses approximately 42.4 acres and consists of 3,279 storage units and 224 outdoor parking spaces. The terms of the sale were not released.

Sean Delaney
            Sean Delaney, vice president investments in Marcus & Millichap’s Chicago Oak Brook office, Brett Hatcher, senior associate in in the firm’s Columbus, Ohio office, Chico LeClaire, senior vice president investments, and Adam Schlosser, senior associate, both in Denver, represented the seller, a local private entity.

Brett Hatcher
The buyer is Sovran Self Storage Inc., a publicly traded real estate investment trust that operates its facilities under the Uncle Bob’s Self Storage® brand.

William Holman, senior associate in Marcus & Millichap’s St. Louis office, is the firm’s broker of record in Missouri. 

For a complete copy of the company’s news release, please contact:

Gina Relva
Public Relations Manager
(925) 953-1716

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