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.