MARCUS & MILLICHAP ARRANGES SALE OF TWO-PROPERTY  

MADISON, AL, December 15, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a two-property self-storage portfolio, according to Joseph W. McKibben, regional manager of the firm’s Birmingham office. The portfolio’s combined sale price was $18,150,000. 

Eddie Greenhalgh, first vice president investments and director of the National Self Storage Group, and Jake Payne, associate, in Marcus & Millichap’s Birmingham office, had the exclusive listing to market the property on behalf of the seller, Butch Chandler. The seller’s stepson Bruce Mullins with Allied Realty in Tuscaloosa assisted in the transaction. The Greenhalgh Storage Group also procured the buyer Public Storage, a real estate investment trust based in California.   

The property consisted of two class A storage facilities. Space Savers Madison and Space Savers Irondale. Space Savers Madison is located at 160 Chestnut Drive, Madison, Alabama 35758. Space Savers Irondale is located at 1911 Crestwood Boulevard, Irondale, Alabama 35210.