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Marcus & Millichap Arranges Sale of 42K-SF Self-Storage in Kelso
Marcus & Millichap facilitated the sale of Gordon’s Mini Storage, a 42,020-square-foot self-storage facility in Kelso, Washington. The asset was sold at a confidential price.
Christopher Secreto, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Secreto, as well.
The transaction was highly negotiated and structured. “The buyer bought a majority interest, and the seller retained a partial interest to participate in cash flow and future upside,” said Secreto. “It required considerable negotiations between the parties and the lender, but everyone is happy with the end result.”
Gordon’s Mini Storage is located at 1712 Westside Hwy in Kelso, Washington. It was built in 1992 and expanded in 2005 and 2022, with 320 units in total, including a mix of standard and heated units.
