Marcus & Millichap : Arranges the Sale of a 46,200-Square-Foot Self-Storage Facility in Georgetown, Kentucky
August 05, 2022 at 10:56 am EDT
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Marcus & Millichap Arranges the Sale of a 46,200-Square-Foot Self-Storage Facility in Georgetown, Kentucky
August 04, 2022
GEORGETOWN, Kentucky, August 4, 2022 - 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 Tri-Village Self Storage - Georgetown, a 46,200-square-foot self-storage facility located in Georgetown, Kentucky, according to Grant Fitzgerald, regional manager of the firm's Columbus office.
Gabriel Coe, Brett R. Hatcher, and Nathan Coe, investment specialists in Marcus & Millichap's Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Colby Haugness, Kentucky Broker of Record, assisted in closing this transaction. Gabriel Coe, the lead agent said, "We sold this to a private out of state buyer who beat out several competitive offers. The sellers were able to maximize value and the buyers were able to expand on their Kentucky footprint while enjoying the growing income and occupancies at the property."
Tri-Village Self Storage is located in Georgetown, Kentucky. The facility was recently built in 2020 and features 48 climate-controlled units and 265 non-climate-controlled units totaling 46,200 net rentable square feet. The property has excellent street frontage with high daily traffic counts of 10,600 cars per day and a rapidly growing surrounding population.
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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
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Marcus & Millichap Inc. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 14:55:05 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
