News: Brokerage

Marcus & Millichap arranges sale of 80,004 s/f

Evans Mills, NY Marcus & Millichap arranged the sale of Storage Made EZ, a 80,004 s/f self-storage facility, according to Grant Fitzgerald, regional manager of the firm’s Columbus office.

Luke Dawley, Nathan Coe, Gabriel Coe and Brett Hatcher, investment specialists in the firm’s Columbus office, had the exclusive listing to market the property on behalf of the seller, and also found the buyer. Susan Bands, New York regional manager and broker of record, assisted in closing this deal. Storage Made EZ has 211 climate-controlled units, 370 non-climate-controlled units, and nine retail spaces.

The sale price was not disclosed.

Luke Dawley, the lead agent on the transaction, said, “I’m really happy for both the buyer and the seller here. We were able to achieve a win-win for both sides as the sellers got the price they wanted and the buyers are adding a great facility to their portfolio with upside.”

Storage Made EZ is located about 70 miles north of Syracuse, New York. This property features 211 climate-controlled units, 370 non-climate-controlled units, and nine retail spaces, totaling 80,004 net rentable square feet. The facility was built in 2006 and sits on 10.32 acres of land.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary