Marcus & Millichap Brokers Sale of 350 Unit Self Storage Property in New Hartford

NEW HARTFORD, Conn., Sept. 26, 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 All Star Storage, a 350-unit self-storage property located in New Hartford, Connecticut.

"This was a tremendous process where we received multiple competitive offers at and above list price," said Nathan Coe, senior managing director. "The level of competition highlights the sustained demand for quality, stabilized self-storage facilities such as New Hartford."

Nathan Coe, Gabriel Coe and Brett Hatcher, investment specialists in Marcus & Millichap's Columbus office, had the listing to market the property on behalf of the seller, alongside Patrick Lemp with Ascendant Valuation Advisors. John Krueger, Broker of Record in Connecticut, assisted in closing the transaction.

All Star Storage is situated on 8.91 acres at 195-B Main Street. Built in 2016 and renovated in 2023, the property features a mix of climate-controlled and non-climate-controlled units across seven buildings.

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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.