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 Hansen Storage, a 37,988 square foot storage facility located in Logan, Utah, approximately three-miles from Utah State University.
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, Hansen Family Trust. “Hansen Storage was evidence of the increasing level of interest, growing number of buyers in the self-storage industry, and the importance of a strong buyer network. The owners had previously tried to sell the property and gone under contract on three separate occasions. After those attempts, we were selected for the listing and after two weeks of marketing, generated seven offers from qualified buyers, and selected a buyer that closed in 30 days.” said Jordan Farrer. For complete deal information, please contact Jordan Farrer.
Hansen Storage consists of 242 non-climate controlled units and 20 rentable outdoor parking spaces. The property sits on 2.3 acres and was built in phases during 1984, 1994, and 1999 and amenities include, but are not limited to, paved driveways, onsite management, and security surveillance.