ORLANDO, FL | 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 United Stor-All Self Storage Portfolio, a three property self storage portfolio located in Orlando, Florida. The asset has 2,008 units and 212,438 net rentable square feet.
Charles “Chico” LeClaire, Executive Managing Director Investments, and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller. “This was an exceptional opportunity to purchase three stabilized facilities in the fast-growing Orlando MSA. We received over two dozen offers from all buyer types on these assets. Of the 60 properties that we have transacted on this year, this portfolio received the most interest with over 100 interested buyers,” said LeClaire. The seller was a Denver based LLC that built, managed, and held these facilities for approximately 20 years. The buyer was a national REIT wanting to continue to expand in the central Florida market.
The United Stor-All Self Storage Portfolio has locations at 1007 Willa Springs Drive in Winter Springs, 965 S. Semoran Boulevard in Winter Park, and 7400 W. Colonial Drive in Orlando.
