Marcus & Millichap : Announces the Sale of B&C Storage in Auburn, New York
April 18, 2023 at 05:28 pm
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Marcus & Millichap Announces the Sale of B&C Storage in Auburn, New York
April 18, 2023
AUBURN, New York, April 18, 2023 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of B&C Storage, a 24,094 square-foot self-storage facility located in Auburn, New York.
Luke Dawley, Nathan Coe, Brett R. Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap's Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Luke Dawley, Nathan Coe, Brett R. Hatcher and Gabriel Coe. John Horowitz, New York Broker of Record, assisted in closing this transaction.
"This deal generated strong interest and multiple competitive offers," said Nathan Coe, the lead agent involved. "We continue to see strong demand for self-storage offerings of all sizes and expect to continue to see such demand for the foreseeable future."
B&C Storage is located about 21 miles west of Syracuse in Auburn, New York. B&C Storage is a stabilized facility that was built in 1980 and currently features 219 non-climate-controlled self-storage units that make up 24,094 net rentable square feet. The sale also includes an adjacent parcel that provides an additional 0.34 acres of expandable land on top of the 2.84 acres of land that the facility is currently situated on.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on 18 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2023 16:27:08 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
