Kangaroo Self-Storage Property in Denver Sells for $3.95M
Copyright 2014 by Virgo Publishing.
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Posted on: 07/10/2013



 

Kangaroo Self-Storage in Denver***Kangaroo Self-Storage, a 5.13-acre storage facility in Denver, recently sold to a private investor for $3.95 million. The property was built in 2000 and expanded in 2004. It comprises 431 storage units and 59,220 net rentable square feet.

Charles “Chico” LeClaire, a senior vice president in the Denver office of Marcus & Millichap Real Estate Investment Services, represented the seller, a limited liability company, as well as the buyer.

“This was a great deal for both sides,” LeClaire said. “The seller was taking profits at a good time, and the buyer got to enter into the difficult Denver market.”

The property at 15200 E. 53rd Ave. includes 68 spaces for vehicle storage and a two-story onsite manager's office with an apartment. Security features include perimeter fencing, coded gate access, exterior lighting and video cameras.

Marcus & Millichap has more than 1,000 investment professionals in offices nationwide and closed more than 6,100 transactions last year.