DENVER, CO | 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 Medina Lake Mini Storage, a 15,380 square foot storage facility located in Lakehills, Texas.
Brett Jackson, Investment Associate, 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 local Seller. “The sale of Medina Lake Mini Storage is just one more example of the self storage asset class being a resilient and attractive investment during some unprecedented times. And no matter the size of the storage facility, this asset class will stand strong and give you a nice return on your dollar.” says Jackson. Jon Danklefs, First Vice President Investments, in the firm’s San Antonio, Texas office procured the Buyer, a local private self storage investor.
“The sale of Medina Lake Mini Storage is just one more example of the self storage asset class being a resilient and attractive investment during some unprecedented times. And no matter the size of the storage facility, this asset class will stand strong and give you a nice return on your dollar.”
Medina Lake Mini Storage is only 30 minutes from the city of San Antonio and 37.8 miles to San Antonio International Airport. With 91 units built in 1994, the facility has great benefits from the excellent visibility and signage seen easily from both directions of Park Road 37. The storage facility comes equipped with security lighting, drive-up access, concrete floors and roll up doors. Newly paved asphalt with oversized drives to complement the facility brings features for large vehicles at a convenient location.
