Marcus & Millichap announced the sale of Devon Self Storage, a 113,851-net-rentable-square-foot storage facility located in Canton, Michigan. The property sold for an undisclosed price.
Built in 2005, the Class A facility features 659 climate-controlled units, 131 non-climate controlled units, 15 RV units and nine office suites. The property has a unique campus- style layout with a two-story 140,000-square-foot climate-controlled warehouse with traditional drive-up storage buildings behind it. The property is well located on the south side of Michigan Avenue (U.S. Highway 12), and is surrounded by upscale residential apartments, condominium and single-family homes.
Marcus & Millichap’s Chico LeClaire, senior vice president investments in Denver, and Brett Hatcher, vice president investments in Columbus, in association with Christopher Futo, senior associate in Detroit, represented the seller, a nationally recognized REIT. The Marcus & Millichap team also procured the buyer, Public Storage.