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