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 RightSpace Storage, a 364-unit and 47,900 net rentable square foot self-storage property located in Spanish Fork, Utah.

Charles “Chico” LeClaire, Executive Managing Director Investments, and Adam Schlosser, Senior Managing Director Investments, in Marcus & Millichap’s Denver, Colorado office along with Jordan Farrer, First Vice President Investments, in the firm’s Salt Lake City, Utah office had the exclusive listing to market the property on behalf of the seller.  “We were able to drive a competitive bidding environment for this property,” said Schlosser.  “The Salt Lake City MSA continues to be a sought-after market drawing investors from the across the country.” The buyer, based out of New York, was also secured by LeClaire, Schlosser, and Farrer.

“We were able to drive a competitive bidding environment for this property. The Salt Lake City MSA continues to be a sought-after market drawing investors from the across the country.”

RightSpace Storage sits on around 5.11 acres of land and includes approximately 1.17 acres of land for expansion. It was initially constructed in 2001 and contains four single-story self-storage buildings with 313 outdoor drive-up units and 49 surface parking spaces. The property has many amenities including a gated entry with a digital keypad, a free standing house with a leasing office and onsite manager quarters in front of the entrance gate, 24/7 video surveillance throughout the facility, asphalt driveways, and units with metal roll-up doors.