M&M ARRANGES $5.2M SALE OF SELF STORAGE FACILITY

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TOMS RIVER, N.J. — Marcus & Millichap has arranged the $5.2 million sale of Central Self-Storage in Toms River, a city in northeast New Jersey. Built in 2006, the property includes 480 units and spans 45,630 square feet. Richard Schontz and Christopher Munley of Marcus & Millichap’s Philadelphia office represented the seller and procured the buyer, a publically registered non-traded REIT. The buyer was selected after a national marketing campaign yielded numerous offers from regional and national self storage operators, according to Marcus & Millichap.

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