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Levin Johnston Arranges Extra Space Storage Sale in Fremont

Levin Johnston of Marcus & Millichap closed the sale of a 49,922-square-foot, 568-unit Extra Space Storage facility at 38491 Fremont Blvd. in Fremont. The team represented the seller, a private real estate investor, and procured the buyer, an institutional self-storage developer, operator and manager.

“The seller, who had previously invested in multifamily, held this high-quality, cash-flowing self-storage asset, professionally managed by Extra Space Storage, for five years,” said Adam Levin, executive managing director of Levin Johnston. “This provided stability during an uncertain and sometimes volatile period for the Bay Area. Leveraging favorable market momentum and heightened interest in the region, they saw value in trading back into multifamily assets supported by a strong economic base and enduring appeal of the area as a place to live and work.”

He noted that the Levin Johnston team brought additional value through leveraging its extensive investor network for a varied and competitive buyer pool.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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