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, a 364-unit self-storage facility in Mesa, Arizona.

Adam Schlosser, Senior Managing Director Investments, Charles “Chico” LeClaire, Executive Managing Director Investments, Dean Trammell, Director Investments, and Kol Bailey, Investments Associate, of the LeClaire-Schlosser Group of Marcus & Millichap represented the seller in the transaction. “Demand for well‑located storage facilities remains exceptionally strong, and this closing highlights the continued investor appetite for stable, income‑producing assets,” said Adam Schlosser, Executive Managing Director Investments.

“Demand for well‑located storage facilities remains exceptionally strong, and this closing highlights the continued investor appetite for stable, income‑producing assets.”

Built in 1982 on 2.47 acres, StorQuest Self Storage features a fortress-style layout with stucco exteriors, metal roll-up doors and standing seam metal roofs. The facility comprises 364 units totaling 39,225 net rentable square feet. In addition to the 74,000-plus vehicles per day along the broader corridor. The site sits near Target and Banner Desert Medical Center, within a trade area of more than 167,000 residents and 71,000 households averaging over $88,000 in household income within three miles.

The LeClaire-Schlosser Group of Marcus & Millichap specializes in the sale of self-storage properties nationwide. For more information on this transaction or other self-storage investment opportunities, contact the LeClaire-Schlosser Group.

Also Appeared In // REBusiness Online