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Bay Storage in Washington Sold for $3.8M

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Bay Storage in Olympia, Wash., sold for $3.8 million to an unnamed partnership.

Bay Storage***The 40,560-square-foot self-storage facility, 510 Madrona Beach Road Northwest, has 11 single-story buildings. Eighty percent of the facility’s units are accessible via drive-up. The property includes 3.5 acres, and is in Mud Bay at the southern arms of the Puget Sound. The facility offers U-Haul truck rental, climate-controlled units, an onsite manager, and moving and packing supplies.

Christopher R. Secreto and Joel Deis, investment specialists in Seattle office of Marcus & Millichap Real Estate Investment Services, had the exclusive listing to market the property on behalf of the seller, a private investor, and also represented the buyer.

Marcus & Millichap specializes in commercial real estate investments. The company has more than 1,200 investment professionals in offices nationwide.

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