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October 5, 2017
Marcus & Millichap represented the seller and procured the buyer, both local, for a self-storage faciltiy in Richland. The 308-unit Stor-House Self Storage sold for $5.65 million, or about $113 per square foot. The 2004 structure has 49,795 rentable square feet, and sits on almost 3.7 acres. M&M's Chris Secreto said the property is in West Richland, near a retail corridor and higher-end housing. In Longview, M&M's George Miller represented the buyer of the 130-unit Mountain View Apartments, who paid $10.58 million for the complex, which was developed on six acres in 1979. Whitney Rhoades from M&M's Portland office represented the seller. Joel Deis, from the Seattle office, assisted in the deal.