SALT LAKE CITY, UT | 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 All American Storage, an 8,800 square foot storage facility located in West Valley City, Utah.
Jordan Farrer, Investment Associate, in the firm’s Salt Lake City office represented the Buyer, a regional real estate investor. “This transaction speaks to the depth of our buyer pool; we were able to assist the buyer transition capital from a different product and purchase their first self-storage asset. The buyer was able to secure attractive financing from a regional credit union and we look forward to helping them expand their storage portfolio.” For complete deal information, please contact Jordan Farrer.
All American Storage features 45 non-climate-controlled units and an onsite apartment. The facility construction was built in 1997 with standing seam metal roofs, masonry buildings, concrete drives. Unit sizes range from approximately 100 square feet up to 400 square feet with the ability to reconfigure unit sizes to accommodate larger spaces. The facility has strong historical occupancy and below market rents, presenting great upside to the buyer. The location is fully fenced and gated with keypad access, under 24-hour video surveillance, and all units are accessible via drive up.