PHILADELPHIA, PA | 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 Devon (Managed) Self Storage, a 71,614 square foot storage facility located in Philadelphia, Pennsylvania.
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 limited liability company. “Infill assets in high density corridors continue to attract a lot of attention,” says Schlosser. “The new buyer will capitalize on this unique opportunity and the gentrification of the trade area by expanding out on the building’s vacant floors.” So far this year, the LeClaire Group has closed 32 self-storage properties.
Devon (Managed) Self Storage consists of 759 climate-controlled units, 2 flex spaces, and 1 rentable parking space. It has numerous amenities including controlled access, interior loading docks with pull-thru access, two large fright elevators, and a large professional leasing office. The facility is located in an in-fill area just two miles from Temple University and less than a half mile from Temple University Hospital. There are approximately 427,160 people and 158,851 households within a three-mile radius of the property.