Marcus & Millichap Arranges the Sale of All Seasons Storage

CHATTANOOGA, Tenn., May 24, 2022 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of All Seasons Storage, a 48,275-square-foot self-storage facility located in Chattanooga, Tennessee.

"Chattanooga has experienced a flurry of activity over the past 18 to 24 months, as investors flock to this secondary market that offers stability, population growth and solid cash flows," says Anne Williams-Blackwell, first vice president investments in the firm's Memphis office. "We ran a competitive marketing campaign that resulted in 12 offers from strong, qualified groups."

Williams-Blackwell had the exclusive listing to market the property on behalf of the seller, a Tennessee-based limited liability company. The buyer, a private investor, was also secured by Williams-Blackwell.

All Seasons Storage is located at 4305 Benton Drive in Chattanooga Tennessee. It consists of 323 total units, all of which are climate-controlled. The facility is equipped with a large rental office, four loading docks and advanced security features. The facility was constructed in 1998 and sits on 3.80 acres of land.

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.