CRE V Michigan

Marcus & Millichap sells 29,000-square-foot self-storage facility in Lansing

storage

Marcus & Millichap closed the sale of A-1 Economy Storage, a 29,670-square-foot self-storage located in Lansing, Michigan.

Marcus & Millichap closed the sale of A-1 Economy Storage, a 29,670-square-foot self-storage located in Lansing, Michigan.

Tom Berlin, a self-storage investment specialist in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller, a charitable trust. The buyer, a limited liability company, was secured and represented by Dan Burkons, an investment specialist in Marcus & Millichap’s Cleveland office.

A-1 Economy Storage is located at 2715 N. Grand River Ave. in Lansing. The facility has 191 drive-up storage units and 77 outdoor storage spaces, with unit sizes ranging from 25 square feet to 600 square feet. There is an extra-height building for boat and large RV storage.

The facility is fully fenced, has a keypad-controlled entry/exit gate system and room for expansion. The on-site rental office was built in 2011, and features a 24-hour-access rental and payment kiosk.