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ENCINO, CA, 5/12/2022 – 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 Emerald @ 78 Self Storage, a 94,625 square foot storage facility located in Vista, 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 that owned and operated the asset for close to 30 years. “Assets of this size, in this submarket, with this much upside do not trade often, so the buyer pool was understandably robust,” said Phillips. The Buyer is national operator.
Emerald @ 78 Self Storage consists of 769 units located off the Highway 78 corridor and boasts 135,000 vehicles per day. The facility features a Vista 20 security system with fire sprinkler suppression, Quikstor Touchpad access, LED lights, and seven freight elevators positioned throughout the facility.
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