Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Uncle Bob’s Self Storage, a 45,976 square foot self-storage located in St. Louis, MO, according to Steven D. Weinstock, Vice President / Regional Manager of the firm’s Chicago Oak Brook office.
Sean M. Delaney, Vice President Investments, Director – National Self Storage Group and part of The Mele Group, located in Marcus & Millichap’s Chicago Oak Brook office, and Will Holman, investment specialist in Marcus & Millichap’s St. Louis office had the exclusive listing to market the property on behalf of the seller, a REIT. The buyer, a limited liability company, was secured and represented by Dave Knobler, an investment specialist in Marcus & Millichap’s Houston office.
The facility is located at 1036 Pershall Road in St. Louis, MO and sold in 50 days. The subject property is located approximately 12 miles to the north of downtown St. Louis in the suburb of Florissant. The property sits on roughly 4.93 acres of land and consists of 331 units and 18 outdoor parking spaces.
The property was constructed in 1979, and the buildings are all single-story brick/masonry construction. Unit sizes range from 3×6 to 40×24 with a combination of roll-up and swing doors. The facility offers numerous amenities including but not limited to a professional on-site management office with an apartment, computerized digital gate access, video surveillance and 24 hour access.
