CRE X Missouri

Marcus & Millichap sells 377-unit self-storage facility in Missouri

Marcus & Millichap sells 377-unit self-storage facility in Missouri,ph01

Marcus & Millichap closed the sale of Star Self-Storage, a 377-unit self-storage facility in Grandview, Missouri. After multiple offers, the asset sold for 98 percent of list price.

Britney Hendricks, an associate, and Sean Delaney, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office exclusively marketed the property on behalf of the seller and represented the buyer.

Bradley Barham assisted on the transaction as the broker of record in Missouri.

Star Self-Storage is located at 12120 Grandview Road. Consisting of 48,073 net-rentable square feet on 2.99 acres of land, Star Self Storage offers 363 non-climate-controlled units, two climate-controlled units, and 12 rental parking spaces.