Levin Johnston Completes Sale of 49,922 Square-Foot, 568-Unit Extra Space Self-Storage Facility in Fremont, California

Levin Johnston Brokers Sale of 568-Unit Extra Space Storage Facility in Fremont, California

FREMONT, CALIF. — The Levin Johnston team of Marcus & Millichap has arranged the sale of an Extra Space Storage property totaling 49,922 square feet in Fremont. A private real estate investor sold the self-storage facility to an institutional self-storage developer, operator and manager for $18.8 million. Located at 38491 Fremont Blvd., Extra Space Storage offers 568 units, most with drive-up access, controlled access gated entry and 24-hour clo…

Bay Area Self-Storage Facility Sells for $18.775 Million in Strategic Portfolio Shift

The recent $18.775 million sale of a 49,922 square-foot self-storage facility in Fremont, California, underscores strategic portfolio adjustments occurring within the Bay Area commercial real estate market. Levin Johnston of Marcus & Millichap facilitated the transaction involving the 568-unit Extra Space Storage property, representing a private real estate investor who sold to an institutional self-storage developer and operator. According to A…

Levin Johnston Completes Sale of 49,922 Square-Foot, 568-Unit Extra Space Self-Storage Facility in Fremont, California

Levin Johnston of Marcus & Millichap, one of the top brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announces that it has closed the $18.775 million sale of a 49,922 square-foot, 568-unit Extra Space Storage facility in the Bay Area city of Fremont, California. Levin Johnston represented the seller, a private real estate investor, and procured the buyer, an institutional self-storage dev…