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 Hidden Springs Storage, a 14,400 square foot storage facility and town home located in Sandy, Utah, approximately 20 minutes south of Salt Lake City.
Jordan Farrer, Investment Associate, in the firm’s Salt Lake City office and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver office had the exclusive listing to market the property on behalf of the Seller, a private self storage investor and developer. “Given the complexity of the transaction, being located within a planned community development and dealing with COVID-19, we were extremely pleased to bring multiple offers and close quickly with a strong buyer. We look forward to helping both the Buyer and Seller continue to grow their storage portfolios.” The Buyer was also procured by Farrer and Schlosser. For complete deal information, please contact Jordan Farrer.
Hidden Creek Storage is a 60-unit,14,400 net rentable square foot, self storage facility located within The Villas at Hidden Creek Homeowners Association. The Villas is a 217-home master planned community located in Sandy, Utah right off the Sandy Parkway/Jordan Gateway which serves 18,524 cars per day. The facility features garage style doors and all units are drive-up accessible.
