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 South Weber Storage, a 26,060 square foot storage facility located in Ogden, Utah.
Jordan Farrer, Senior Investment Associate, 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 partnership. “Our client was the original developer and operator of the site. The owners personally worked with tenants and created a great reputation in the community, and we were happy to be a part of helping them find a suitable buyer.” said Farrer. “South Weber Storage garnered attention from local and national buyers and eventually sold to a capital fund from Colorado.” The Buyer was also procured by Marcus & Millichap.
“Our client was the original developer and operator of the site. The owners personally worked with tenants and created a great reputation in the community, and we were happy to be a part of helping them find a suitable buyer. South Weber Storage garnered attention from local and national buyers and eventually sold to a capital fund from Colorado.”
South Weber Storage consists of five single-story buildings, featuring 136 non-climate controlled drive-up units and totaling 26,060 net rentable square feet. The facility features brick front dividers with all metal interior walls, slightly pitched standing seam metal roofs, roll-up doors, and asphalt driveways. The property is conveniently located on the highly visible South Weber Drive, and just off the intersection of I-84 and Highway 89 near the mouth of Weber Canyon. South Weber Storage is located west of the town’s only retail center, featuring Maverick, Little Caesar’s, Burly Burger, and other retailers.
