DENVER, CO  | 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 StorQuest Self Storage (Managed), a 879-unit and 77,363 net rentable square foot self-storage property located in Kea’au, Hawaii.

Charles “Chico” LeClaire, Executive Managing Director Investments, and Adam Schlosser, Senior Managing Director Investments, in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the seller, a Hawaii-based limited liability company.  “This transaction represents a rare opportunity to acquire a best-in-class facility on the Big Island of Hawaii,” said Schlosser. “Buyer interest from the mainland US was competitive, and we were able to execute this trade on a condensed timeline.”   The buyer, Baranof Holdings out of Dallas, TX, was also secured by Adam Schlosser and Charles “Chico” LeClaire.  Adam Attia, First Vice President Investments, served as the broker of record for the transaction.

“Buyer interest from the mainland US was competitive, and we were able to execute this trade on a condensed timeline.”

StorQuest Self Storage (Managed) is located at 16-180 Mikahala Place in Kea’au.