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The Hatcher Group Sells Metro Storage of Oak Park, MI

Posted: 7/24/2017
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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 Metro Storage, a self storage facility made up of 155,987-net rentable square feet throughout 921 units.

Located in Oak Park, MI, the institutional grade asset benefits from a population of over 300,000 within a five-mile radius. The property sold at a 6.86% cap rate and offers the opportunity for expansion.

About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company 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. To learn more, please visit: MarcusMillichap.com

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