Charles Chico LeClaire and Nicholas Walker of Marcus & Millichap Real Estate Investment Services recently brokered the sale of an Extra Space Storage facility in Redlands, Calif. The 38,995-square-foot facility on 2 acres includes an onsite management office and apartment, video surveillance and electronic access control. It also features drive-up units and parking for boat and RV storage, and garners ancillary income from billboard rental. As of Aug. 31, the facility was 79.4 percent physically occupied and 83.9 percent economically occupied.
LeClaire, senior vice president of investments for the Marcus & Millichap Denver office and senior director of the companys National Self Storage Group, has been with the company since 1990. Specializing in self-storage brokerage, he closed more than $900 million in self-storage transactions from 2004 to 2010. He has won numerous awards from Marcus & Millichap including the Chairman's Circle of Excellence Award in 2004 as well as the National Achievement Award in 1999 and 2000, 2003 to 2008, and 2010.
Walker, also part of the Marcus & Millichap National Self Storage Group, specializes in the sale of self-storage facilities throughout Arizona, California, Nevada and Texas. Involved with commercial real estate for more than six years, he has participated in self-storage transactions totaling more than $70 million dollars. His family has been involved in the self-storage industry since 1984, owning, managing or consulting on more than 45 properties.
With more than 1,200 investment professionals in offices nationwide, Marcus & Millichap specializes in commercial real estate investment services.