Phoenix, AZ | 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 StorQuest Self Storage, an approximately 700-unit self-storage facility in Glendale, Arizona.

Charles “Chico” LeClaire, Executive Managing Director Investments, and Adam Schlosser, Executive Managing Director Investments, of the LeClaire-Schlosser Group represented the seller in the transaction, with Ryan Sarbinoff serving as Arizona broker of record. “StorQuest Self Storage offers a buyer a sizable, established facility in one of the most densely populated parts of the West Valley, with more than 163,000 residents within three miles and nearly 25,000 vehicles a day on North 67th Avenue,” said Adam Schlosser. “With the property below 80 percent occupied at the time of sale, the new owner has meaningful lease-up upside in a trade area that already has the demand to support it.”

“StorQuest Self Storage offers a buyer a sizable, established facility in one of the most densely populated parts of the West Valley, with more than 163,000 residents within three miles and nearly 25,000 vehicles a day on North 67th Avenue. With the property below 80 percent occupied at the time of sale, the new owner has meaningful lease-up upside in a trade area that already has the demand to support it.”

Built in 1984 on approximately 3.7 acres, StorQuest Self Storage comprises approximately 700 units totaling 74,900 net rentable square feet across seven single-story, all-metal storage buildings. The unit mix includes a wide range of ground-level, drive-up sizes from 5×5 to 20×20, along with 25 open-surface parking spaces for vehicles, RVs, and boats. The facility offers electronic gated access, monitored surveillance systems, and an onsite management office.