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 Fruita Storage, a 27,550 square foot storage facility located in Fruita, Colorado, just west of Grand Junction.
Thomas Parsons, Senior Associate Investments, in Marcus & Millichap’s Denver, Colorado office had the exclusive listing to market the property on behalf of the Seller, a local investor who has owned and self-managed the facility since 2014 and sold to capitalize on the strong market. “An interesting feature of Fruita Storage is that there is no onsite leasing office and is instead managed via a website and phone. The western slope of Colorado is experiencing strong population growth which led to strong buyer interest in this investment property,” says Thomas Parsons, listing broker. The Buyer was A Storage Place, a privately held company with 36 facilities throughout the West.
“An interesting feature of Fruita Storage is that there is no onsite leasing office and is instead managed via a website and phone. The western slope of Colorado is experiencing strong population growth which led to strong buyer interest in this investment property.”
Fruita Storage is located on Highway 50 with 12,000 vehicles per day and is visible from I-70 with 18,000 vehicles per day. All 201 units are non-climate controlled with drive-up access and metal rollup doors. The facility was constructed in 2002 and features an electronic gate that’s keypad-controlled, security cameras, and asphalt drive aisles.
