DENVER, CO | 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 a two property Extra Space Storage (Managed) portfolio with locations in Broomfield and Loveland, Colorado. The asset has a combined 1,217 units and 158,458 net rentable square feet.
Adam Schlosser, Senior Vice President Investments, and Charles “Chico” LeClaire, Executive Managing Director Investments, in Marcus & Millichap’s Denver, Colorado office had the exclusive listing to market the portfolio on behalf of the Seller, a Maryland-based limited liability company. “We are back to seeing strong competition for self storage assets across the Front Range,” says Schlosser. “Pricing on these two assets exceeded expectation.” The Buyer was a real estate investment trust.
“We are back to seeing strong competition for self storage assets across the Front Range. Pricing on these two assets exceeded expectation.”
The portfolio has locations at 12725 Lowell Boulevard in Broomfield, and 120 West 43 Street in Loveland, CO.