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Marcus & Millichap Negotiates Sale of 554-Unit Self-Storage Facility in Orem, Utah

OREM, UTAH — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the purchase of Towne Storage Vineyard, a self-storage property in Orem. Storage Center Group acquired the asset for an und

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Summary

OREM, UTAH — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the purchase of Towne Storage Vineyard, a self-storage property in Orem.

Storage Center Group acquired the asset for an undisclosed price.

Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the buyer in the off-market transaction. Managed by Towne Storage, the 84,745-square-foot property offers 554 units on 4.4 acres. The facility was originally constructed in 2019 and features 11 single-story buildings

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