VANCOUVER, WA, August 24, 2022 – 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 East Vancouver Self Storage, a 42,780-square foot self-storage facility located in Vancouver, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $6,000,000.
Christopher R. Secreto, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited partnership. The buyer, a limited liability company, was secured and represented by Christopher R. Secreto as well.
East Vancouver Self Storage is located at 515 SE 157th Ave, Vancouver, WA 98684. It has a total of 42,780 net rentable square feet and 390 self-storage units, of which were 81% occupied by the time of sale. Located off a 6-lane thoroughfare, this facility is comprised entirely of single-story buildings and is equipped with a rental office and two-story apartment.
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.