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 Wagon Self Storage, a 63,726 square foot storage facility located in Santa Fe, New Mexico.
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 local LLC. “Despite the economic downturn we continue to experience a highly competitive market for stabilized facilities both inside and out of the nation’s core markets,” said Schlosser. “Santa Fe would be considered a smaller tertiary market by most, but this facility gained occupancy through the ongoing pandemic further proving how resilient self storage can be when times get tough.” The buyer was Dahn Corporation, a national real estate investment and asset management company with over 40 years of real estate experience that has developed, acquired and/or managed over $300 million of self storage facilities. “The facility has been rebranded Mini U Storage,” said Robert Bradley, Executive Vice President in charge of acquisitions and development for Dahn Corporation. Mini U Storage joins several other recent acquisitions by Dahn Corporation and its affiliates including Glen Mills, PA and Folsom, CA.
Wagon Self Storage is a 63,726 rentable square foot facility located in the culturally sophisticated city of Santa Fe, New Mexico. Originally built in 2009 and expanded in 2016, this class “A” facility features four metal buildings, a fortress style perimeter with gated access, recreational vehicle parking, climate-controlled units, wine storage units and security camera surveillance. The unit break out consists of 611 traditional storage units and recreational vehicle spaces and 42 wine storage units.