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 A+ Self Storage Portfolio, a two property self-storage portfolio located in Las Cruces, New Mexico. The asset has 823 units and 116,458 net rentable square feet.

Charles “Chico” LeClaire, Executive Managing Director Investments, and Adam Schlosser, Senior Managing Director Investments, in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the seller, a local family partnership.  “We had over a dozen offers and ended up achieving over the sellers desired asking price,” said LeClaire. “It was encouraging to see the variety of buyer types competing in a tertiary market. It just goes to show that if you have well-positioned facilities in growing submarkets, there is still an abundance of pent up buyer demand regardless of the size,” said Schlosser. The Buyer, a privately held real estate investment company out of Southern California, was also secured by Adam Schlosser and Charles “Chico” LeClaire.  Ryan Sarbinoff, Regional Manager in the firm’s Phoenix office, served as the broker of record.

“We had over a dozen offers and ended up achieving over the sellers desired asking price. It was encouraging to see the variety of buyer types competing in a tertiary market. It just goes to show that if you have well-positioned facilities in growing submarkets, there is still an abundance of pent up buyer demand regardless of the size.”

The A+ Self Storage Portfolio has locations at 5000 N Sonoma Ranch Blvd, and 8590 Bataan Memorial East in Las Cruces.  Both facilities are nicely appointed with perimeter fencing, video surveillance, digital gate access, and LED lighting. They also have spacious leasing offices with security and retail displays and prominent elevated signage.