DENVER, CO | 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 Valley Mini Storage, a 72,250 square foot storage facility located in Fountain, Colorado.

Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver, Colorado office, and Charles “Chico” LeClaire, Executive Managing Director Investments had the exclusive listing to market the property on behalf of the Seller, a private family trust.  “This sale represented the final chapter in a long successful real estate career for the Seller and a strategic acquisition for the Buyer to bolster what was already a strong presence in the Colorado Springs market,” said Schlosser.  “We’ve had to navigate a few new headwinds here or there to get deals across the finish line these days but nothing like other commercial real estate asset classes are experiencing. We’re lucky to be in this business.”  A national self storage REIT was the Buyer.

Valley Mini Storage consists of 563 climate and non-climate controlled units. The facility is located in Fountain, Colorado on the southern edge of Colorado Springs.  There are approximately 112,000 people and 35,000 households within a five-mile radius with average household incomes of $66,194.  The facility is also located just over one mile east of Fort Carson, a United States Army Installation with over 26,000 active duty soldiers with an additional 38,000 family members, reserve members and civilian contractors. Approximately 59 percent of soldiers and 47 percent of families live off-post. The estimated economic impact of Fort Carson on the local economy is $2.2 billion.