Agents Generated Numerous Offers
McKinleyville, CA—Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, completed the $5,000,000 sale of Mad River Storage Center located at 1400 Glendale Drive, McKinleyville, CA. Senior Associate Shane Avera, Market Leader Maxx Bauman, and Managing Director and National Director of STNL Bill Pedersen represented the seller in the transaction and generated numerous offers.
The seller, a private investor, relinquished the property to reallocate capital. The buyer intends to implement third-party management and increase the facility’s operational efficiency. Currently, Mad River Self Storage offers on-site service, 24/7 security, electronic gate access, and a fully-gated perimeter.
“With the utilization of our database and marketing technique, we were able to leverage the features and benefits of this property to investors across the country,” said Avera. “Additionally, we increased the views on the facility and ultimately received multiple offers for the seller in a timely manner.”
Mad River Self Storage offers over 28,000 square feet of land with 381 storage units. The property has high visibility off of Highway CA-299 and nearby numerous local retailers, including Rasmussen Wood Product and Murphy’s Market.
“The rise in interest rates has impacted all product types creating challenges for any deal, but using the resources of Matthews’ Shared Database and the skill set of our team, we were able to persevere and still achieve the highest price and vet the perfect buyer,” said Bauman.
For more information, or to contact Shane Avera, Maxx Bauman, and Bill Pedersen, please visit www.matthews.com.
Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 500 agents and support staff in 15+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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