SALT LAKE CITY, UT | 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 Towne Storage Sandy, a 60,700 square foot storage facility located just off of Interstate 15 in Sandy, Utah, approximately 20 minutes south of downtown Salt Lake City.
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, Towne Storage. “Towne Storage Sandy represents a quality asset in one of the nation’s strongest economies and we are grateful for the relationships that allowed us to play a part in the transaction. Traditionally, the highest & best price comes through traditional marketing. In this case, the seller was most interested in the certainty of closing. We were able to find a strong buyer looking to fulfill an exchange and help both Seller and Buyer accomplish their objectives.” The Buyer was also procured by Farrer and Schlosser. The property will be rebranded and professionally managed by Storage…Etc. For more deal information, please contact Jordan Farrer.
Towne Storage Sandy features 379 rentable spaces, a professional leasing office, and incredible visibility along I-15 which serves over 184,000 cars a day. The facility was built in 1993 and 1997 with standing seam metal roofs, masonry buildings, metal dividers, and asphalt drives. Unit sizes range from approximately 25 square feet up to 400 square feet. The location is fully fenced and gated with keypad access, digital video surveillance, and an onsite manager.