Marcus & Millichap Real Estate Investment Services recently closed the sale of the Best Self Storage Portfolio in North Kentucky for $9.9 million. The three-facility, 214,700-square-foot portfolio is in the Greater Cincinnati Metropolitan Statistical Area, just over the Ohio River in the growing suburbs of Crescent Springs, Florence and Walton.
Adam Schlosser and Brett Hatcher, self-storage specialists in the Marcus & Millichap Columbus office, represented the seller, a local LLC. Schlosser and Hatcher also secured the buyer, a non-publicly traded real estate investment trust, which was sponsored by US Commercial LLC. Broker Aaron Johnson assisted in closing the transaction.
The portfolio contains three of 98 self-storage Marcus & Millichap’s National Self Storage Group has closed in the past 12 months.