BOISE, ID | 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 The Storage Company, a 95,962 square foot storage facility located in Nampa, Idaho, approximately 20 minutes west of Boise.
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 local family. “This property presented some challenges due to the property’s age, condition, and city restrictions, but we were lucky to work with a patient seller and a sophisticated self storage buyer with a unique skill set that will be able to transform the property.” The buyer, Watchman Properties, was procured by Andrew Helm of Marcus & Millichap’s Salt Lake City office. For complete deal information, please contact Jordan Farrer.
The property currently features 555 rentable spaces, 408 drive-up, enclosed storage units and 147 outdoor parking spaces. Additionally, the property includes approximately 4.5 undeveloped acres. The property was originally built for agriculture uses in 1957 and converted to self-storage circa 1995. The facility is fully fenced and gated with keypad access and is under 24-hour video surveillance with monitoring accessible off-site.
