Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Seattle & Northwest  + Oregon  + Retail  | 
Bend Self Storage Facility Trades for $4.2M, Marcus & Millichap Arranges

Bend Self Storage Facility Trades for $4.2M

Real estate brokerage firm Marcus & Millichap has facilitated the sale of Summit Self Storage, a 22,000-square-foot self storage facility located in Bend, OR. An undisclosed LLC purchased the asset for $4.2 million in a transaction arranged by Marcus & Millichap’s Christoper R. Secreto and Samuel Olson out of the firm’s Portland, OR office. The seller was a personal trust.

Located at 720 SE 9th St., the 42-year-old property is comprised of 146 units and is 98% occupied. The facility is situated approximately 1 mile from U.S. Highway 97, the major freeway through town and is surrounded by several residential neighborhoods.

Secreto and Olson had the exclusive listing to market the property on behalf of the seller, and the buyer was secured and represented by Secreto and Edward Milton-Moncivaiz from Marcus & Millichap’s Seattle office. The buyer completed a 1031 exchange in the transaction after having sold a self-storage facility in Texas.

Connect

Inside The Story

Marcus & Millichap - PortlandSummit Self Storage

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

Step 1: Select Education
  • ◦Sale/Acquisition