MADRAS, OR, June 19, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Mountain View RV & Mini Storage, a 49,675-square foot self-storage facility located in Madras, OR, according to David S. Tabata, regional manager of the firm’s Portland office. The facility sold for $6,000,000 (approximately $120 per square foot).
Christopher R. Secreto and Samuel Olson, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the sellers and also represented the buyer. David Tabata, regional manager of the firm’s Portland office, assisted with the transaction.
Mountain View RV & Mini Storage is located at 2086 NW Andrews Drive in Madras, OR. The facility has 358 self-storage units and was built in two phases in 2020 and 2022. The sellers developed the facility and it was purchased by an out of state buyer.
