ENCINO, CA | 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 International Self Storage, a 19,432 square foot storage facility located in Highland, California.
Keith Phillips, Investment Associate, in Marcus & Millichap’s Encino, California office, and Adam Schlosser, Senior Vice President Investments, in the firm’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a California-based owner-operator. “The Seller bought the asset less than three years ago and has taken advantage of the robust market, and will now exchange into a larger asset,” said Phillips. The Buyer is a local operator that owns self-storage in the Southern California market.
“The Seller bought the asset less than three years ago and has taken advantage of the robust market, and will now exchange into a larger asset.”
International Self Storage consists of 191 units in infill San Bernardino County and adjacent to San Bernardino Airport. The facility features security cameras with security monitor feed, perimeter lights, full perimeter fencing and iron gates, digital gate access, and on-site manager apartment.