Marcus & Millichap brokered the sale of Empire Self Storage, a 71,350-square-foot self-storage facility in Traverse City, Michigan.
Brian Kelly, Brett Hatcher, Gabriel Coe and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus, Ohio, office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
The buyer, a limited liability company, was secured and represented by Kelly, Hatcher and Gabriel Coe and Nathan Coe. Steve Chaben, Michigan Broker of Record, assisted in closing this transaction.
Empire Self Storage is located in Traverse City, Michigan, about five miles west of the downtown area. This facility was built in 2015 and is situated on 14.35 acres of land. It currently features 500 non-climate-controlled self-storage units that make up 71,350 net rentable square feet and has approvals to build an additional six buildings totaling 300 additional units.
