San Francisco, 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, announced the sale of Storage Star, a 93,880 square foot self-storage facility in Napa, California.
Adam Schlosser, Executive Managing Director Investments, and Dean Trammell, Director Investments, of the LeClaire-Schlosser Group represented the seller in the transaction, with Tony Solomon serving as California broker of record. “Storage Star is a newer-vintage, institutional-quality asset in a market where opportunities to acquire new stores is limited,” said Adam Schlosser. “Built in 2021 on more than seven acres, the property has the location and the scale to perform well for the buyer.”

“The level of investor interest in Storage Star Napa was exceptional. We engaged with a deep pool of institutional and private capital, highlighting the continued demand for high-quality self-storage assets in core Bay Area markets and ultimately driving a highly competitive sales process,” added Dean Trammell.

“The level of investor interest in Storage Star Napa was exceptional. We engaged with a deep pool of institutional and private capital, highlighting the continued demand for high-quality self-storage assets in core Bay Area markets and ultimately driving a highly competitive sales process.”

Built in 2021 on approximately 7.38 acres, Storage Star comprises 666 units totaling 93,880 net rentable square feet across four single-story buildings, with a range of unit sizes and drive-up access. The facility features gated entry with keypad access, an onsite management office at the entrance, 24-hour video surveillance, concrete drive aisles, metal roll-up doors, premium signage, and ample lighting.