The success of the Self-storage Industry is represented by the acquisition of Add More Storage
June 11, 2015
– The sale of a self-storage
facility known as “Add More Storage”, which is located in Sandusky, OH, was addressed by real estate investment services firm, Marcus & Millichap(NYSE: MMI).
“Add More Storage” was acquired for $1,211,250, according to Michael L. Glass, regional manager of the firm’s Columbus office.
The listing to market the property was in the possession of Joseph Holloway and Brett R. Hatcher, investment specialists in Marcus & Millichap’s Columbus office.
Joseph Holloway and Brett R. Hatcher provided security for the investor, a limited liability company. Mr. Holloway was referring to the current self-storage market when he stated, “the acquisition of Add More Storage by a regional owner with multiple facilities highlights the growth of the industry and the demand from investors to capitalize on the strength of the industry.”
The location of “Add More Storage” is 2908 Venice Road in Sandusky, OH. The units of the self-storage facility range from 64 to 336 square feet. Round-the-clock video surveillance and a security gated entrance with perimeter fencing are also implemented in the storage facility.
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