SAN FRANCISCO, CA  | 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 Aptos Security Storage, a 45,394 square foot storage facility located in Aptos, California.

Dean Trammell, Investment Associate, in Marcus & Millichap’s San Francisco office, Adam Schlosser, Senior Managing Director, in the firm’s Denver office, and Tasso Douglas, Senior Associate, in the firm’s Palo Alto office represented the seller. “We received substantial interest in this asset, largely driven by its prime Bay Area location. Demand for facilities like this continues to grow. This closing reaffirms the strong interest in the storage industry and the resilience of pricing,” said Trammell. The buyer, Tobin Capital Group, is a private equity real estate firm out of San Francisco. “We feel fortunate to have worked with a great seller and brokerage team, and to have the opportunity to steward this generational asset for the decades to come,” said Joe Tobin, CEO of Tobin Capital Group.  The buyer was secured by Trammell and Schlosser.

“We feel fortunate to have worked with a great seller and brokerage team, and to have the opportunity to steward this generational asset for the decades to come.”

Aptos Security Storage consists of 519 units, sits on about 4.19 acres of land, and was initially constructed in 1986 with ten single-story self-storage buildings. The facility has many amenities including a gated entry with a digital keypad, onsite management office, 24/7 video surveillance, asphalt drive aisles, and units with roll-up doors.