ENCINO, CA, May 3, 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 Ballpark Self Storage, a 55,500 square foot storage facility located in Adelanto, California.
Keith Phillips, Investment Associate, in Marcus & Millichap’s Encino, California office, and Adam Schlosser, Senior Vice President Investments, in the firm’s Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a California-based LLC. “The previous ownership group built the asset from the ground up, as well as operated it, from day one,” said Phillips. The Buyer, Nova Storage, is a regional operator with several locations in the Southern California market.
Ballpark Self Storage consists of 376 units located between Highway 395 and Adelanto Road, the main arteries in Adelanto. The facility features a modern and oversized leasing office, drive up non-climate storage options for tenants, security cameras, concrete drive aisles, and keypad access and electronic gate.
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
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