SAN FRANCISCO, California | 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 Century Self Storage, a 67,770 square foot storage facility located in Lodi, California.

Dean Trammell, Associate Director Investments, in Marcus & Millichap’s San Francisco office, and Adam Schlosser, Senior Managing Director, in the firm’s Denver office, represented the seller, GFLIP IV, L.P, managed by Geweke Asset Management, subsidiary of Geweke Real Estate, a real estate development and investment firm.

“This acquisition demonstrates the strong demand for quality storage facilities in the Central Valley and fits seamlessly into the buyer’s growing Central California portfolio. We were pleased to help both parties execute successfully in a competitive environment.”

“This acquisition demonstrates the strong demand for quality storage facilities in the Central Valley and fits seamlessly into the buyer’s growing Central California portfolio. We were pleased to help both parties execute successfully in a competitive environment,” commented Trammell about the deal. Marcus & Millichap also procured the buyer. Tony Solomon, Senior Vice President and District Manager of the firm’s Los Angeles offices, served as the broker of record.

The property sits on around 4.66 acres of land, was initially constructed in 1998 and was expanded in 2002. It contains 15 single-story self-storage buildings with 297 drive-up units. Century Self Storage has many amenities including electronic gated entry with a digital keypad, large institutional style leasing office with retail and security monitor display, 24/7 video surveillance throughout the facility, concrete driveways, and metal roll-up doors throughout. The site also includes a 1,266 square foot apartment.