LOGAN, UT | The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced today the closing of TK Secure Storage, a 37,936-square foot self-storage located in Logan, Utah.
Jordan Farrer, Senior Investment Associate, in the firm’s Salt Lake City office, and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver office represented the Seller. “Given the strength of the market and prices achieved the seller was exploring marketing the property for sale. Prior to the property going to market a qualified buyer offered an aggressive price for the property. Given the strength of the buyer and the offer, we were able to have a smooth transaction at a very aggressive price achieving the seller’s goals.” For more deal information, please contact Jordan Farrer.
“Given the strength of the market and prices achieved the seller was exploring marketing the property for sale. Prior to the property going to market a qualified buyer offered an aggressive price for the property. Given the strength of the buyer and the offer, we were able to have a smooth transaction at a very aggressive price achieving the seller’s goals.”
TK Secure Storage is located at 1115 West 200 North in Logan, Utah. The property was constructed in phases from 1991 to 2003 and features 241 drive-up storage units, 15 outdoor parking spaces, paved drive aisles and video surveillance. The buyer was a regional self-storage development firm with holdings throughout the state of Utah.
