May 3, 2020

The LeClaire Group of Marcus & Millichap Still Getting Deals Done Amid COVID-19 Challenges; Recently Arranged the Sale of East Side Storage and RV Park in New Orleans MSA

NEW ORLEANS, LA | 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 East Side Storage and RV Park, a 55,120 square foot storage facility located in Houma, Louisiana.

Thomas Parsons, Investment Associate, and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver, Colorado office, along with Chris Shaheen, the Louisiana broker of record, had the exclusive listing to market the property on behalf of the Seller, a local LLC.  “COVID-19 and the social distancing protocols presented some unique challenges for the closing of this deal. For example, we used mobile notaries for the signing of paperwork,” said Thomas Parsons, selling broker.  He added, “It’s important to note, though, that we’re still seeing a lot of deals getting done out there despite the pandemic.”  The Buyer was a private self storage investment group based in the Western US.

East Side Storage & RV Park is a 55,120 net rentable square feet storage facility with climate and non-climate controlled units.  There is also a 22 space RV Park next door that was built in 2013 and is managed from the storage leasing office. Houma, Louisiana is 26 miles southwest of the edge of the New Orleans MSA.

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