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 StorageMax, a 66,034 square foot storage facility located in Kalispell, Montana.
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 local development company. “The Seller group built a great asset that has capitalized on the strong growth of Kalispell and Flathead County. They experienced a quick lease up and were ready to move on to their next venture,” said Farrer. “In a challenging debt market, we were able to navigate a creative, short-term seller financing option to allow the buyer the flexibility needed to stabilize the facility while accomplishing the Seller’s goals.” Adam Christofferson, Marcus & Millichap Division Manager, served as the broker of record for the transaction.
“In a challenging debt market, we were able to navigate a creative, short-term seller financing option to allow the buyer the flexibility needed to stabilize the facility while accomplishing the Seller’s goals.”
StorageMax features 248 drive-up non climate units, 18 drive-up heated RV units, 13 RV and boat units, and three outdoor parking spaces. The facility features a professional leasing office, heated RV units, online rental management, digital video surveillance, and wide drive-aisles. The property is located at 3190 Montana Highway 35 in Kalispell.