Home Commercial 51,400 SQFT Kent Self-Storage Sells for $10.8MM

51,400 SQFT Kent Self-Storage Sells for $10.8MM

Kent, Marcus & Millichap
Courtesy of Marcus & Millichap.

KENT, WA, July 13, 2021 – 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 Glacier West Self Storage & Napa Auto Parts Store.  The Property is comprised of a 45,400 square foot self-storage facility, plus a 6,000 square foot NAPA Auto Parts Store, located in Kent, WA.  According to Joel Andrew Deis, regional manager of the firm’s Seattle office, the Property sold for $10,750,000 (just over $209 per square foot).

Christopher R. Secreto, a Senior Managing Director in the Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

Glacier West Self Storage & Napa Auto Parts Store is located at 1415 and 1407 Central Ave S in Kent, WA.  The Property is a rare King County Self Storage Offering, it is located 9 miles southeast of Seattle Tacoma Airport and 20 miles South of downtown Seattle. This Property was built in 2001 in a very visible location with high traffic counts. 134 of the 317 units are climate controlled, the rest are drive up with no climate control. This property is on 3.01 acres of land with 10 single-story self-storage buildings. 

About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.