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 AAA Self Storage, a High Point, NC self storage facility consisting of 24,200 rentable-square feet throughout 184 units.
The all-cash deal closed within 30 days of the contract for $1.075 million.
AAA Self Storage is positioned in an area with over 100,000 residents within a five-mile radius. The property features an on-site management office and the facility is 98% occupied.
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