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**Levin Johnston Arranges Sale of Extra Space Storage Facility in Fremont**
Levin Johnston of Marcus & Millichap has successfully closed the sale of a 49,922-square-foot Extra Space Storage facility located at 38491 Fremont Blvd. in Fremont, California. The property, which comprises 568 storage units, was sold by a private real estate investor and acquired by an institutional self-storage developer, operator, and manager.
According to Adam Levin, Executive Managing Director of Levin Johnston, the sale marks a significant transition for the seller.
“The seller, who had previously focused on multifamily investments, held this high-quality, cash-flowing self-storage asset under professional management by Extra Space Storage for five years,” Levin said. “This provided financial stability during an uncertain period in the Bay Area. With strong market momentum and heightened investor interest in the region, the seller recognized an opportunity to return to the multifamily sector, supported by the area’s robust economic base and strong residential demand.”
Levin also highlighted the firm’s strategic role in the transaction, leveraging its broad investor network to attract a diverse and competitive pool of buyers.
The sale underscores continued investor confidence in Fremont’s real estate market, particularly in segments supported by resilient demand and long-term growth projections.
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