Marcus & Millichap Inc.
09/22/2026 | Press release | Distributed by Public on 09/22/2026 16:03
Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio in Phoenix MSA
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Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio in Phoenix MSA
September 22, 2026
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APACHE JUNCTION, Ariz., Sept. 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 a two-property, 523-unit CubeSmart self-storage portfolio in the Phoenix MSA.
"The two largest brokerage teams at our firm joined forces to market these assets," said Nathan Coe and Adam Schlosser. "Despite a challenging transaction environment, buyer demand was strong due to the portfolio's stabilized performance and the opportunity to acquire multiple self-storage properties in the Phoenix MSA. We were pleased to help the seller achieve its investment objectives through a successful sale."
Schlosser, Nathan Coe, Brett Hatcher, Gabe Coe and Charles LeClaire, investment specialists in Marcus & Millichap's Columbus and Denver offices, in association with Ryan Sarbinoff, Marcus & Millichap's Arizona broker of record, had the exclusive listing to market the property on behalf of the seller, Palatine Capital, a New York City-based private investment company. MyPlace Self Storage and Nuveen purchased the property.
The portfolio includes facilities at 1678 W. Superstition Blvd. and 1735 W. Apache Trail in Apache Junction, approximately 30 miles east of downtown Phoenix. The property at 1678 W. Superstition Blvd. contains 342 units and 57,092 net rentable square feet, while the property at 1735 W. Apache Trail contains 181 units and 27,100 net rentable square feet.
"The two largest brokerage teams at our firm joined forces to market these assets," said Nathan Coe and Adam Schlosser. "Despite a challenging transaction environment, buyer demand was strong due to the portfolio's stabilized performance and the opportunity to acquire multiple self-storage properties in the Phoenix MSA. We were pleased to help the seller achieve its investment objectives through a successful sale."
Schlosser, Nathan Coe, Brett Hatcher, Gabe Coe and Charles LeClaire, investment specialists in Marcus & Millichap's Columbus and Denver offices, in association with Ryan Sarbinoff, Marcus & Millichap's Arizona broker of record, had the exclusive listing to market the property on behalf of the seller, Palatine Capital, a New York City-based private investment company. MyPlace Self Storage and Nuveen purchased the property.
The portfolio includes facilities at 1678 W. Superstition Blvd. and 1735 W. Apache Trail in Apache Junction, approximately 30 miles east of downtown Phoenix. The property at 1678 W. Superstition Blvd. contains 342 units and 57,092 net rentable square feet, while the property at 1735 W. Apache Trail contains 181 units and 27,100 net rentable square feet.
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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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