ENCINO, CA | The LeClaire Group of 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 International Self Storage, a 17,905 square foot storage facility located in Highland, California. Keith Phillips, Investment Associate, in Marcus & Millichap’s Encino, California office, procured the buyer, a local investment company. The seller represented himself in the deal.
International Self-Storage consists of 172 non-climate controlled drive-up units ranging in size from 4’x4’ to 8’x40’. The property has been well maintained, is fully fenced, and equipped with security monitoring systems. The asset has onsite manager’s office with residence. Highland is a tertiary market located 60 miles east of Los Angeles, that is currently undergoing a resurgence with new developments. This was a value-add opportunity including additional land. Other amenities include electronic gate access, individual alarms. The transaction also included and a single tenant income property.