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 Scenic Self Storage, a 34,770 square foot storage facility located near Mesquite, Nevada in Littlefield, Arizona.

Jordan Farrer, First Vice President of 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 Utah-based investment group. “The seller purchased this property with high hopes to improve occupancy and optimize performance. Unfortunately with other distractions this property fell out of their focus and was not performing at desired levels,” said Farrer. “The buyer viewed this opportunity to implement a more dynamic management and marketing system to take an already cash flowing asset and create stability throughout the year.”  Marcus & Millichap also procured the buyer, regional storage operators with assets in Utah and Arizona. Ryan Sarbinoff, First Vice President and Regional Manager in the firm’s Pheoenix office, served as the broker of record.

“The seller purchased this property with high hopes to improve occupancy and optimize performance. Unfortunately with other distractions this property fell out of their focus and was not performing at desired levels. The buyer viewed this opportunity to implement a more dynamic management and marketing system to take an already cash flowing asset and create stability throughout the year.”

Secure Self Storage consists of eight one-story buildings made up of 245 non-climate-controlled units and 109 parking units, totaling 354 units.  The facility features many desirables amenities like wide-drive aisles, outdoor vehicle parking, drive-up access, online rentals, convenient access, and digital surveillance. Secure Self Storage is located at 3030 South Scenic Boulevard in Littlefield.