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SOLD! – The Storage Center, Missoula

MISSOULA, MONTANA – Sterling CRE Advisors Matt Mellott and Claire Matten represented the buyer in negotiating the sale of a 215-unit self-storage facility at 1870 S. Reserve Street, in Missoula, Montana. The Storage Center  is a 27,100 square foot facility on approximately 1.72 acres and  was listed at $1,995,000.  The buyers capitalized on the excellent occupancy rate and high level of exposure this new facility boasts. There are many factors which contribute to the successful operation of a self-storage development.  The seller had done an excellent job of efficiently filling The Storage Center and bringing it to almost full occupancy within one year of opening.  For the right deals, the market continues to remain competitive.  Storage facilities with high visibility and upgraded security features continue to catch the eye of many investors.

If you would like more information on this sale or other self-storage acquisition opportunities, please reach out to Claire Matten or Matt Mellott at (406) 203-4547.