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Levin Johnston of Marcus and Millichap directs $30M sale of 1,777-unit storage facility in Newark, N


NEWARK, NJ — Adam Levin, senior managing director of Levin Johnston of Marcus and Millichap, has successfully directed the $30 million sale of FlatRate Storage, a three-building, 1,777-unit self-storage facility with an in-house moving company in Newark. “The self-storage investment market has reached more than $38 billion in annual revenue, based on increased transaction activity that reflects solid fundamentals within this property type,” said Levin. “In this case, the buyer recognized the tremendous opportunity in acquiring a stable income-producing asset in a premier metropolitan area.”

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