Marcus & Millichap Inc.
10/22/2026 | Press release | Distributed by Public on 10/22/2026 15:49
Marcus & Millichap Arranges Sale of 412-Unit Wrondel Self Storage in Reno, Nevada
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Marcus & Millichap Arranges Sale of 412-Unit Wrondel Self Storage in Reno, Nevada
October 22, 2026
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RENO, Nev., Oct. 22, 2026 - 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 Wrondel Self Storage, a 412-unit self-storage facility in Reno, Nevada.
"Wrondel Self Storage sits in one of the most densely populated and growing areas of Reno, with more than 100,000 residents within three miles and over 25,000 vehicles a day passing on South Virginia Street," said Jordan Farrer, managing director investments. "The property has maintained an average occupancy of 85 percent since 2024 and was 88 percent occupied at the time of sale. The buyer plans to upgrade the facility with a new office and the addition of climate-controlled space, which is undersupplied in the region."
Farrer, of the LeClaire-Schlosser Group of Marcus & Millichap, in association with Cameron Glinton, Marcus & Millichap's Nevada broker of record, exclusively marketed the property on behalf of the seller and procured the buyer, an experienced national self-storage owner and developer.
Built in phases in 1975, 1997 and 2012, Wrondel Self Storage sits on approximately 2.56 acres and comprises 412 units totaling 51,200 rentable square feet across four single-story buildings. The facility features drive-up units with roll-up doors, gated access with a digital keypad, a separate on-site management office, 24-hour video surveillance and concrete driveways. Historical average rents were $1.23 per rentable square foot.
"Wrondel Self Storage sits in one of the most densely populated and growing areas of Reno, with more than 100,000 residents within three miles and over 25,000 vehicles a day passing on South Virginia Street," said Jordan Farrer, managing director investments. "The property has maintained an average occupancy of 85 percent since 2024 and was 88 percent occupied at the time of sale. The buyer plans to upgrade the facility with a new office and the addition of climate-controlled space, which is undersupplied in the region."
Farrer, of the LeClaire-Schlosser Group of Marcus & Millichap, in association with Cameron Glinton, Marcus & Millichap's Nevada broker of record, exclusively marketed the property on behalf of the seller and procured the buyer, an experienced national self-storage owner and developer.
Built in phases in 1975, 1997 and 2012, Wrondel Self Storage sits on approximately 2.56 acres and comprises 412 units totaling 51,200 rentable square feet across four single-story buildings. The facility features drive-up units with roll-up doors, gated access with a digital keypad, a separate on-site management office, 24-hour video surveillance and concrete driveways. Historical average rents were $1.23 per rentable square foot.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
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