DENVER, Colorado | 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 IN Self Storage, a 20,751 square foot storage facility located in Estes Park, Colorado.

Thomas Parsons, Senior Director Investments, Adam Schlosser, Senior Managing Director Investments, and Charles “Chico” LeClaire, Executive Managing Director Investments, in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a local LLC.  “Colorado mountain towns continue to be a desirable place for self-storage buyers because of the strong existing rents and barriers to entry limiting new competitors,” commented Parsons about the deal.  The Buyer was Ludlow Property Group, a Colorado based self-storage investment group buying their 11th facility.

“Colorado mountain towns continue to be a desirable place for self-storage buyers because of the strong existing rents and barriers to entry limiting new competitors.”

IN Self Storage – Estes Park sits on around 1.88 acres of land, was initially constructed in 1978 and subsequently expanded in 1991. It contains eight single-story self-storage buildings with 175 non-climate controlled drive-up units and seven outside parking units. The property is remote-managed and has many amenities including a perimeter fence, electronic gated entry with a digital keypad at both the entrance and the exit, a leasing room with a kiosk and computer screen, security camera surveillance throughout the facility, asphalt driveways, and metal roll-up doors throughout.

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