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DENVER, CO, 1/4/2022 – The LeClaire-Schlosser Group of 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 a two property Extra Space Storage (Managed) portfolio with locations in Broomfield and Loveland, Colorado. The asset has a combined 1,217 units and 158,458 net rentable square feet.
Adam Schlosser, Senior Vice President Investments, and Charles "Chico" LeClaire, Executive Managing Director Investments, in Marcus & Millichap’s Denver, Colorado office had the exclusive listing to market the portfolio on behalf of the Seller, a Maryland-based limited liability company. “We are back to seeing strong competition for self storage assets across the Front Range,” says Schlosser. “Pricing on these two assets exceeded expectation.” The Buyer was a real estate investment trust.
The portfolio has locations at 12725 Lowell Boulevard in Broomfield, and 120 West 43 Street in Loveland, CO.
About The LeClaire-Schlosser Group of Marcus & Millichap
The LeClaire-Schlosser Group is a national self storage brokerage team that has closed over $6 billion in transactions across the United States. With a combined 70+ years of experience, we have the knowledge and expertise to assist our clients in reaching their short and long-term investment goals. We offer extensive underwriting, customized marketing, and unparalleled transactional expertise to achieve the best price and terms. We pride ourselves in offering unmatched brokerage and advisory services to both institutional and private clients alike. To learn more, please visit: www.leclaireschlossergroup.com