SALT LAKE CITY, UT  | 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 Grand Storage, a 33,980 square foot storage facility located in Butte, Montana.

Jordan Farrer, First Vice President of Investments, in the firm’s Salt Lake City office, and Adam Schlosser, Senior Managing Director, in the Denver office represented the seller, a regional self-storage owner and developer.  “As major markets have become more competitive, buyers are finding success in strong but smaller markets. Grand Storage in Butte represented strong historical occupancy, in place cash flow, an opportunity to expand, and a stable growing population base,” said Farrer. Marcus & Millichap also procured the buyer, an owner-operator with projects throughout the Intermountain West.

“As major markets have become more competitive, buyers are finding success in strong but smaller markets. Grand Storage in Butte represented strong historical occupancy, in place cash flow, an opportunity to expand, and a stable growing population base.”

Grand Storage is a 266-unit self-storage facility centrally located in Butte with excellent visibility from Holmes Avenue. The property sits on 3.41 acres of land, was initially constructed in 2004 and was expanded in 2023. Grand Storage has many amenities including electronic gated entry with a digital keypad and automatic gate at the exit, a manufactured house with office and one-bedroom apartment, metal roll-up doors and security monitoring with 24/7 video surveillance throughout the facility.

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