ENCINO, CA, July 21, 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 Mojave Self Storage, a 15,135 square foot storage facility located in Mojave, California.
Keith Phillips, Senior Investment Associate, in Marcus & Millichap’s Encino, California office, had the exclusive listing to market the property on behalf of the Seller, a California-based LLC. “The partnership purchased the asset just eight years ago. They are excited about their return and planning to exchange into a larger asset,” said Phillips.
Mojave Self Storage consists of 143 units in a prime self-storage location situated adjacent to the Mojave Air & Virgin Space Port facility. The facility features electronic gate with keyless entry, managers apartment, and onsite leasing office.
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
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.