Sep
22
Marcus & Millichap Closes Self-Storage Portfolio Sale in Missiouri
ByThe five facilities are located in Branson and offer more than 127,000 rentable square feet of storage space.
Trey Hammond, investment specialist, and Michael Mele, senior vice president of investments, exclusively marketed the property on behalf of the seller, a limited liability company. The team also secured and represented the buyer, a private investor.
“Branson, Missouri is very tertiary market and we were able to field multiple offers that resulted in choosing an out-of-state buyer looking to take advantage of the higher cap rates achievable in the marketplace. Throughout the escrow process, we continued to field inquiries. The total interest and offers throughout the process was a clear indicator of capital migration into new markets searching for greater returns.”…
Marcus & Millichap Closes Self-Storage Portfolio Sale in Missiouri
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