The LeClaire-Schlosser Group of Marcus & Millichap Arranges the Sale of Emerald @ 78 Self Storage in Vista, California

ENCINO, CA, June 8, 2022 - The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Emerald @ 78 Self Storage, a 94,625 square foot storage facility located in Vista, California.

Keith Phillips, Investment Associate, in Marcus & Millichap's Encino, California office, and Adam Schlosser, Senior Vice President Investments, in the firm's Denver, Colorado office, had the exclusive listing to market the property on behalf of the Seller, a California-based LLC that owned and operated the asset for close to 30 years. "Assets of this size, in this submarket, with this much upside do not trade often, so the buyer pool was understandably robust," said Phillips. The Buyer is national operator.

Emerald @ 78 Self Storage consists of 769 units located off the Highway 78 corridor and boasts 135,000 vehicles per day. The facility features a Vista 20 security system with fire sprinkler suppression, Quikstor Touchpad access, LED lights, and seven freight elevators positioned throughout the facility.

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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.