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 Vault Storage, a 64,500 square foot storage facility located in Ogden, Utah.

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, the original developer. “The seller had been approached numerous times to sell and engaged our team to make sure if they moved to sell, the buyer was vetted and could perform. We had some hiccups along the way with the lending environment but were ultimately able to get the deal done without changes to price,” said Farrer. Marcus & Millichap also procured the buyer, MWSS Capital. “We are very excited to bring this recently built facility into the MWSS Capital portfolio. Jordan made this transaction work, helping us work through some difficult situations and getting us to close with minimal delays,” said Ed Lang, Principal of MWSS Capital.

“We are very excited to bring this recently built facility into the MWSS Capital portfolio. Jordan made this transaction work, helping us work through some difficult situations and getting us to close with minimal delays.”

Vault Storage consists of eight one-story buildings made up of 371 climate and non-climate-controlled units. The facility has all metal buildings, metal interior walls, standing seam metal roofs, roll-up doors, and asphalt driveways.  The facility is located at 1506 Gibson Avenue in Ogden.