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 Extra Space (Managed), a 59,000 square foot storage facility located in Fremont, 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, Braintree Group, a national real estate development and investment firm.  “This was a rare deal in one of the most competitive and supply-constrained markets in the country. Transacting in today’s environment shows how aligned both sides were. We moved quickly through a competitive process, and demand for stabilized, infill assets like this remains strong,” said Trammell. 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.

“This was a rare deal in one of the most competitive and supply-constrained markets in the country. Transacting in today’s environment shows how aligned both sides were. We moved quickly through a competitive process, and demand for stabilized, infill assets like this remains strong.”

Extra Space (Managed) is a 650-unit self-storage facility located in Fremont, California. The property sits on approximately 2.23 acres of land, was initially constructed in 1984, and then expanded in 2002. It contains five two-story self-storage buildings and two single-story self-storage buildings. The facility features a stucco exterior with a mix of metal roll-up and swing doors. Amenities include electronic gated entry with a digital keypad, spacious leasing office, and security monitor display with 24/7 video surveillance. Additionally, cell towers on the property generate supplemental income.