SALT LAKE CITY, Utah | 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 Provo Mini Storage, a 24,143 net rentable square foot self-storage facility located in Provo, Utah.

Jordan Farrer, Managing Director Investments, in the firm’s Salt Lake City office, and Adam Schlosser, Senior Managing Director, in the firm’s Denver office represented the seller, a local developer.  Jordan Farrer had this to add about the deal, “This property was acquired as a small flex industrial space. The seller converted it to self-storage targeting the student population of nearby BYU and UVU which total nearly 90,000 students. The property is now professionally managed by CubeSmart.” The buyer is an out-of-state private investor.

“This property was acquired as a small flex industrial space. The seller converted it to self-storage targeting the student population of nearby BYU and UVU which total nearly 90,000 students. The property is now professionally managed by CubeSmart.”

Provo Mini Storage is a 480-unit self-storage facility situated on around 1.91 acres of land. It was initially constructed in 1996/2025 and contains three single-story self-storage buildings with 361 interior climate-controlled units and 119 drive-up units. Provo Mini Storage has many amenities including a gated entry with a digital keypad, an onsite management office, 24/7 video surveillance throughout the facility, asphalt driveways, and units with roll-up doors.