MINNEAPOLIS, MN | 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 Inver Grove Storage, a 54,250 square foot storage facility located in Inver Grove Heights, Minnesota.
“This property was marketed just as the COVID-19 pandemic was beginning. While initially we saw some buyers leave the table due to the outbreak, the resiliency of the self storage product type ultimately brought them back to the table.”
Chris Kampmeyer, Investment Associate, in the firm’s Minneapolis, Minnesota office and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a local LLC. “This property was marketed just as the COVID-19 pandemic was beginning. While initially we saw some buyers leave the table due to the outbreak, the resiliency of the self storage product type ultimately brought them back to the table,” Kampmeyer said. The Buyer was Public Storage, a national self storage REIT.
