SEATTLE, WA | The LeClaire 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 Puyallup Mini Storage, a 85,105 square foot storage facility located in Puyallup, Washington.
Charles “Chico” LeClaire, Executive Managing Director Investments, and Adam Schlosser, First Vice President Investments, in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the Seller, a local LLC. “We anticipated strong interest in this property and the market delivered,” says Schlosser. “Infill assets in higher barrier to entry markets like the Seattle MSA continue to attract a lot of attention, both Buyer and Seller made out very well here.” The buyer was Strategic Storage Trust IV. So far this year, the LeClaire Group has sold 27 self storage properties.
Puyallup Mini Storage consists of 780 climate and non-climate controlled units and 48 rentable outdoor parking spaces. The facility is located in a densely populated area with approximately 152,758 people and 60,743 households within a five-mile radius with an average household income of $76,439. The property sits near various apartments and manufactured housing communities. It is also situated along a commercial corridor near a Fred Meyer anchored shopping center, various car dealerships and a number of large industrial warehouses.