AMERICAN FORK, UT | Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Marina Cove Storage, a 129,145-square foot self-storage facility located in American Fork, UT.
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 represented the Seller. “This asset was originally paired with two traditional storage assets, and as we engaged the market it became clear that the best outcome for our client was to sell this one separately.” said Farrer. “Multiple offers were received from a range of private equity, local, and regional operators with the buyer being a local entrepreneurial real estate group.” For more deal information, please contact Jordan Farrer.
“This asset was originally paired with two traditional storage assets, and as we engaged the market it became clear that the best outcome for our client was to sell this one separately.”
Marina Cove Storage is located at 22 E 1500 S in American Fork, UT. The property was constructed in phases from 2016 to 2019 and features a professional leasing office, resident manager’s quarters, and 744 units, with approximately 9.7 acres available for expansion or outdoor parking.
