DETROIT, MI | The LeClaire-Schlosser 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 Ideal Self Storage, a 52,000 square foot storage facility located in Howell, Michigan, a Detroit suburb.
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, a private individual. “The Seller built the property approximately twenty years ago and managed and maintained it to its impeccable condition today,” says LeClaire. “The Buyer likes the central Michigan market and found the property appealing because of its location and condition.” The Buyer was Compass Self Storage, LLC, a private company and proud member of the Amsdell family of companies (Amsdell Companies).
“The Seller built the property approximately twenty years ago and maintained it to its impeccable condition today.”
Ideal Self Storage consists of 408 units in high quality single-story metal construction featuring both drive-up and climate controlled units. The facility is located on Highland Road which has over 22,000 vehicles per day and has been consistently over 95% occupied with a waiting list.