Evans Self Storage, a 63,628-square-foot facility in Evans, Colo., sold for $2.5 million to a local limited-liability company.
The 469-unit self-storage facility is located at 1405 and 1515 32nd St. on approximately 3.71 acres of land. The facility is adjacent to the southern city limits of Greeley, Colo. Built in phases between 1973 and 1983, the facility is constructed of brick masonry.
Matt Tyler and Chico LeClaire, national self-storage investment specialists in the Denver office of Marcus & Millichap Real Estate Investment Services, had the exclusive listing to market the property on behalf of the seller and also represented the buyer.
We had investors from all over the country and even from Canada looking at this asset, Tyler said. Sales of self-storage facilities in Colorado are rare, but there is significant demand from investors on a national basis looking to purchase quality storage assets like Evans Self Storage here in Colorado.
Marcus & Millichap specializes in commercial real estate investments. The company has more than 1,200 investment professionals in offices nationwide.