Marcus & Millichap Agents Collaborate on Sale of California Storage Facility

July 9th, 2007

arcus & Millichap’s national platform has paid off for its clients once again, connecting an East Coast client to a West Coast property in a $7.35 million sale. Marcus & Millichap’s The Mele Group, in cooperation with Bobby Loeffler in Sacramento, brokered the sale of All Size Storage in Elk Grove, Calif.Michael A. Mele and The Mele Group Investment Associate Scott Rutherford joined forces with Bobby Loeffler, Director of the National Self Storage Group at Marcus & Millichap, combining their self-storage expertise and investor connections to ensure the All Size Storage property earned top dollar in the competitive California market.

“The All Size Storage property was a prime acquisition as it is quickly approaching stabilization and offers Class A construction quality,” said Michael, who is also president of the Florida Self Storage Association. “Although there are markets in California that are overbuilt, this Elk Grove facility assures the investor a strategic advantage with little competition.”

Click here to read the rest of this release.

Entry Filed under: Media Relations, Industry Happenings