Marcus & Millichap brokered the sale and financing of Baumgartner Road Storage, a 287-unit self-storage property on 6.6 acres in St. Louis, Missouri.
The sale was an off-market transaction that sold for an undisclosed amount. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged the financing.
Marla Čolić, investment specialist in Marcus & Millichap’s St. Louis office, procured the buyer, an out-of-state storage investor.
Doug Brooks, managing director in MMCC’s Columbus office secured a 5-year non-recourse loan with full-term interest only.
Located at 4888 New Baumgartner Road, the property offers a mix of RV parking, climate-controlled, non-climate-controlled and commercial units across 21,275 rentable square feet. Built in 1971 and updated in 2020, the facility is in South St. Louis County, 16 miles south of St. Louis, near Interstate 55.
