BOISE, ID | 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 Guardian Safe Storage, a 88,340 square foot storage facility located in Nampa, Idaho.
Jordan Farrer, Senior Investment Associate, in the firm’s Salt Lake City office represented the Seller, a local investment and development group. “The sellers saw this a great opportunity to capitalize on a strong lease-up, in one of the hottest storage markets in the country. This exit will allow them to pursue multiple developments throughout the Intermountain West,” said Farrer. “Guardian Safe Storage was pursued by some of the most recognizable names in the storage industry and eventually sold to an individual 1031 Exchange buyer.” The Buyer was also procured by Marcus & Millichap.
“The sellers saw this a great opportunity to capitalize on a strong lease-up, in one of the hottest storage markets in the country. This exit will allow them to pursue multiple developments throughout the Intermountain West. Guardian Safe Storage was pursued by some of the most recognizable names in the storage industry and eventually sold to an individual 1031 Exchange buyer.”
Guardian Safe Storage is new high-quality construction and features 14 steel buildings with standing seam metal roofs, a professional leasing office, and a climate-controlled building. Climate-controlled units range from 5×10 to 10×15, with drive-up units ranging from 5×10 to 10×25. The property is located off Northside Boulevard and directly adjacent to the Country Club Apartments. Located in the “Treasure Valley,” Nampa is the third fastest growing city in the state.
