Marcus & Millichap Brokers Sale of 717-Unit Self-Storage Facility in Malden, Massachusetts

by Taylor Williams

MALDEN, MASS. — Marcus & Millichap has brokered the sale of a 717-unit self-storage facility in Malden, located north of Boston. Extra Space Storage operates the facility, which totals 74,795 net rentable square feet and was roughly 91 percent occupied at the time of sale. Nathan Coe, Gabriel Coe, Brett Hatcher and Thomas Shihadeh of Marcus & Millichap represented the seller, Calare Properties, in the transaction and procured the buyer, Hearthfire Holdings. The sale also included a 25,095-square-foot warehouse that is fully leased to Canadian logistics company UniUni and a 3,400-square-foot kiosk.

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