ENCINO, 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 Casitas Self Storage, a 31,039 square foot storage facility located in Ventura, California.
Keith Phillips, Investment Associate, in Marcus & Millichap’s Encino, California office, and Adam Schlosser, Senior Vice President Investments, in the firm’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a local LLC specializing in commercial development since 1983. “Our team’s nationwide marketing strategy yielded multiple offers in a secondary market that had not seen much recent activity,” said Phillips. The Buyer was Right Space Storage, a Participating Regional Operator of the REIT National Storage Affiliates.
“Our team’s nationwide marketing strategy yielded multiple offers in a secondary market that had not seen much recent activity.”
Casitas Self Storage is a family-owned business that was repurposed to self storage in 1997 and consists of 338 units apportioned across 31,039 square feet. The asset is located along the heavily traveled Highway 33 corridor between Ventura and Ojai, a prime California location. The storage units are a mix of traditional indoor metal construction as well as wood framed roll up door units. This multi-story facility offers motion lighting sensors placed strategically throughout the facility. Amenities include a 24-hour surveillance system, perimeter lighting, secured fencing with digital gate access, a commercial lift to access the second story, and an on-site managers apartment as well as a spacious leasing office.
