{"id":1004220357,"date":"2018-04-18T09:13:54","date_gmt":"2018-04-18T17:13:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004220357"},"modified":"2022-12-08T19:07:41","modified_gmt":"2022-12-09T03:07:41","slug":"hatcher-storage-group-brokers-sale-of-oh-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hatcher-storage-group-brokers-sale-of-oh-facility\/","title":{"rendered":"Hatcher Storage Group Brokers Sale of OH Facility"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004220363\" style=\"width: 329px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1215-North-Belmont-Avenue.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004220363\" data-attachment-id=\"1004220363\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hatcher-storage-group-brokers-sale-of-oh-facility\/1215-north-belmont-avenue\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1215-North-Belmont-Avenue.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Springfield Storage Depot\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Springfield Storage Depot&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1215-North-Belmont-Avenue.jpg?w=800\" class=\"wp-image-1004220363 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1215-North-Belmont-Avenue.jpg\" alt=\"\" width=\"319\" height=\"259\" \/><\/a><p id=\"caption-attachment-1004220363\" class=\"wp-caption-text\">Springfield Storage Depot<\/p><\/div>\n<p>The Hatcher Storage Group of Marcus &amp; Millichap has arranged the sale of Springfield Storage Depot, a 69,275-net-rentable-square-foot facility in Springfield, Ohio. The property changed hands at a 7.71 percent cap rate.<\/p>\n<p>Located at 1215 N. Belmont Ave., the asset is near State Route 40 and Interstate 70, roughly 45 miles from downtown Columbus. Approximately 83,000 people live within a five-mile radius area, with a median household income of around $39,937. Constructed in 2002, the 12-building storage facility occupies 6.4 acres and offers 509 units ranging in size from 50 to 300 square feet. Characteristics of the asset include 24-hour, electronic gate access, video camera surveillance and key code\/card entry and exit.<\/p>\n<p>In December 2017, Marcus &amp; Millichap brokered the sale of\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/8-property-oh-self-storage-portfolio-commands-31m\/\">self-storage portfolio\u00a0in Ohio<\/a>. The $31.4 million transaction encompassed eight properties totaling 3,050 units located in Lorain, Elyria, Cuyahoga Falls, Northwood, Oregon, Toledo and Stow.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The self-storage group of Marcus &amp; Millichap has arranged the sale of a 509-unit facility located in Springfield, Ohio. <\/p>\n","protected":false},"author":871,"featured_media":1004220363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21743,13,21742],"tags":[34836],"class_list":["post-1004220357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-deals","category-midwest","category-latest","tag-marcus-millichap"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hatcher Storage Group Brokers Sale of OH Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hatcher-storage-group-brokers-sale-of-oh-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hatcher Storage Group Brokers Sale of OH Facility\" \/>\n<meta property=\"og:description\" content=\"The self-storage group of Marcus &amp; Millichap has arranged the sale of a 509-unit facility located in Springfield, Ohio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hatcher-storage-group-brokers-sale-of-oh-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-18T17:13:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:07:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1215-North-Belmont-Avenue.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hatcher-storage-group-brokers-sale-of-oh-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hatcher-storage-group-brokers-sale-of-oh-facility\\\/\"},\"author\":{\"name\":\"Evelyn Jozsa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"headline\":\"Hatcher Storage Group Brokers Sale of OH Facility\",\"datePublished\":\"2018-04-18T17:13:54+00:00\",\"dateModified\":\"2022-12-09T03:07:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hatcher-storage-group-brokers-sale-of-oh-facility\\\/\"},\"wordCount\":159,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hatcher-storage-group-brokers-sale-of-oh-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/04\\\/1215-North-Belmont-Avenue.jpg\",\"keywords\":[\"Marcus &amp; 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