CENTENNIAL, CO | Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of CubeSmart (Managed), a 66,856-square-foot self-storage facility located in Centennial, Colorado.
Charles “Chico” LeClaire and Adam Schlosser, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. “The seller is an accomplished local developer that built the facility 23 years ago,” LeClaire said. “He builds in the best locations in anticipation of major residential developments and he always seems to be ahead of the curve. His facilities are well planned and built with the finest materials.” The buyer, Prime, is a large private equity self-storage firm.
“The seller is an accomplished local developer that built the facility 23 years ago. He builds in the best locations in anticipation of major residential developments and he always seems to be ahead of the curve. His facilities are well planned and built with the finest materials.”
CubeSmart (Managed) is located at 20210 East Smoky Hill Road in Centennial, Colorado. This asset includes 21 single-story self-storage buildings offering 546 non climate-controlled drive-up units.
