Marcus & Millichap Arranges 50K-SF Self-Storage Sale
Marcus & Millichap facilitated the sale of Mountain View RV & Mini Storage, a 49,675-square-foot self-storage facility located in Madras, Oregon.
David Tabata, regional manager of the firm’s Portland office, assisted with the transaction and reported that the facility sold for $6 million. Christopher Secreto and Samuel Olson, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on the sellers’ behalf and represented the buyer. The sellers developed the facility, which was purchased by an out-of-state buyer.
Mountain View RV & Mini Storage is located at 2086 NW Andrews Drive and is one of just a few storage facilities in Madras. The property is close to nearby cities, including Culver, Prineville, Metolius, and Warm Springs, and features 358 self-storage units and was built in two phases in 2020 and 2022.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.