Marcus & Millichap Arranges Sale of 302-Unit Self Storage Property in Alabama

BESSEMER, Ala., August 28, 2024 - 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 Second Attic Storage, a self-storage property located in Bessemer, Alabama.

"We advised the original family and developer for more than eight years to position the property for disposition," said Eddie Greenhalgh, senior vice president of investments. "We generated multiple offers exceeding the strike price, ultimately selecting a highly qualified buyer, resulting in another smooth transaction."

Greenhalgh, Jake Payne and Lee Thornton, investment specialists in Marcus & Millichap's Birmingham office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both Limited Liability Companies.

Second Attic Storage is situated on 3.05 acres at 1760 4th Avenue SW. Built in 2006, the property features 302 units across 34,250 rentable square feet of climate and non-climate-controlled storage.

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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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.