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 Five Star Store It, a 1,103-unit self-storage property located in Westland, Michigan.
Brett Hatcher, Gabriel Coe 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 private regional seller, and procured the buyer, MyPlace Storage. Steve Chaben is the firm’s broker of record in Michigan.
Five Star Store It sits on 22 acres at 5235 S. Merriman Road in Westland, Michigan, within the Detroit metro area. The facility includes 30 climate-controlled units, 774 non-climate-controlled units and 229 parking spaces, totaling 115,707 net rentable square feet. The property has high visibility, excellent street frontage and a dense surrounding population of 215,668 people within five miles. A retail component on-site will be converted into climate-controlled storage.
