# Marcus & Millichap Sells 700-Unit StorQuest in Glendale, Arizona, With Sub-80% Occupancy > Adam Schlosser cited 25,000 vehicles per day on North 67th Avenue and lease-up upside. The LeClaire-Schlosser Group and Arizona broker Ryan Sarbinoff represented the seller on the West Valley infill asset built in 1984. - URL: https://www.yourcaio.co/news/storquest-glendale-700-units-marcus-millichap-november-2026 - Published: 2026-11-11 - Author: David Cartolano (https://www.yourcaio.co/about) - Category: Acquisitions - Property type: Self-Storage - Tags: Marcus & Millichap, StorQuest, Glendale Arizona, West Valley, Value-Add - Source: [Marcus & Millichap](https://www.marcusmillichap.com/news-events/press/2026/11/11-11-26-storquest-glendale) ## Key Takeaways - Marcus & Millichap announced November 10, 2026 the sale of StorQuest Self Storage, a 700-unit facility at 9240 N. 67th Ave. in Glendale, Arizona. - The property comprises 74,900 net rentable square feet on 3.7 acres, built in 1984 across seven single-story metal buildings, per the brokerage release. - Marketing materials cited occupancy below 80% at sale, with more than 163,000 residents within three miles and nearly 25,000 vehicles per day on North 67th Avenue. - Drive-up units range from 5-by-5 to 20-by-20 feet, plus 25 open-surface parking spaces for vehicles, RVs, and boats. - Adam Schlosser, Charles LeClaire, and Ryan Sarbinoff marketed the asset; the buyer and price were not disclosed in the public release. **Marcus & Millichap announced the sale of StorQuest Self Storage on November 10, 2026**: a **700-unit**, **74,900-square-foot** facility at **9240 N. 67th Ave.** in **Glendale, Arizona**. Marketing cited **occupancy below 80%** in a pocket with **163,000 residents within three miles** and **nearly 25,000 vehicles per day** on **North 67th Avenue**. The trade is classic **1980s infill metal**: seven single-story buildings on **3.7 acres**, **drive-up only**, with **RV and boat parking**. Buyers get **demographics without stabilization**. --- ## Why Did Marcus & Millichap Lead With Occupancy Under 80%? Adam Schlosser, executive managing director investments, framed the asset as **established scale** plus **lease-up runway**: > "With the property below 80% occupied at the time of sale, the new owner has meaningful lease-up upside in a trade area that already has the demand to support it." That language tells you how 2026 underwriting differs from 2021. Sellers are not pretending **90%+** occupancy is universal. Brokers are pricing **operational lift** into the OM headline. Unit sizes run **5-by-5 through 20-by-20**, all **ground-level drive-up**, plus **25** open parking stalls. Built **1984**, the product is not climate-controlled trophy stock. It is **West Valley density** with a **rate and marketing problem**, not a **location problem**. Charles **"Chico"** LeClaire's Denver team paired with **Ryan Sarbinoff**, Marcus & Millichap's Arizona broker of record. No price or buyer name hit the public release. --- ## What Makes the West Valley Trade Area Compelling? Schlosser anchored demand with **population inside three miles** and **traffic counts**, not generic Phoenix MSA statistics. | Marketing stat (M&M release) | Implication | |-----------------------------|-------------| | 163,000 residents within 3 miles | Infill household base | | ~25,000 vehicles/day on N. 67th Ave. | Drive-by visibility for self-storage | | Below 80% occupancy | ECRI and concession room | | 700 units / 74,900 SF | Scale for third-party management or REIT systems | Glendale sits in the **West Valley**, where Sun Belt supply debates still show up in [Yardi and TractIQ rate data](https://www.yourcaio.co/news/tractiq-september-2026-street-rates-2-9-percent-web-gap-november-2026). Infill **1980s vintage** assets can still trade if **lease-up** is honest in the broker quote. Compare to [Oxford's Phoenix industrial portfolio buy](https://www.yourcaio.co/news/oxford-sycamore-phoenix-460000-sf-industrial-november-2026): logistics investors chase **Tempe and Airport submarkets** while storage buyers hunt **rooftop counts** along commuter arterials. --- ## How Does StorQuest Branding Affect the Buyer? The seller operated under **StorQuest**, a brand tied to [William Warren Group's 2026 fund contributions](https://www.yourcaio.co/news/wwg-storquest-fund-110-9-million-nine-facilities-october-2026). The Glendale asset is a **one-off disposition**, not a fund roll-up. Buyers typically weigh three post-close paths: 1. **Rebrand** to a local or regional flag and plug into [revenue management software](https://www.yourcaio.co/news/storable-2026-industry-report-retention-inflation-november-2026). 2. **Hold the StorQuest sign** and harvest lease-up with existing marketing URLs. 3. **Fold into a platform** like [SecureSpace's Texas expansion model](https://www.yourcaio.co/news/securespace-dfw-all-storage-four-property-november-2026). None require new development entitlements; this is **management alpha** on existing concrete. --- ## Where Does the Deal Sit in November 2026 Liquidity? November's tape mixes **scale** and **singles**: - **Platform:** [Heitman Talli Nordic, 15 sites](https://www.yourcaio.co/news/heitman-talli-nordic-drive-up-platform-november-2026) - **Public capital:** [SmartStop $37 follow-on](https://www.yourcaio.co/news/smartstop-upsized-37-dollar-equity-offering-november-2026) - **Brokered value-add:** Glendale StorQuest **sub-80%** occupancy [ISS's November transaction column](https://www.yourcaio.co/news/extra-room-self-storage-myrtle-beach-north-charleston-november-2026) shows the same pattern: investors still close **Sun Belt and coastal singles** while [REIT earnings](https://www.yourcaio.co/news/iss-big-three-reit-q3-2026-earnings-roundup-november-2026) improve. For sellers, Schlosser's quote is the playbook: **disclose occupancy honestly**, anchor **traffic and population**, and let buyers underwrite **ECRI** instead of **cap rate fiction**. --- ## The Numbers Worth Writing Down - Units: **700** - Net rentable area: **74,900 SF** on **3.7 acres** - Vintage: **1984**, seven metal buildings - Occupancy at marketing: **below 80%** - Trade area: **163,000** residents within **3 miles** - Traffic: **~25,000** vehicles/day on **N. 67th Ave.** - Parking: **25** open vehicle/RV/boat spaces - Announcement: **November 10, 2026** --- ## Sub-80% Is a Feature Now Glendale's StorQuest sale proves **2026 buyers still pay for scale** when brokers pair **under-occupancy** with **hard traffic counts**. That is the same operator confidence [SmartStop's equity offering](https://www.yourcaio.co/news/smartstop-upsized-37-dollar-equity-offering-november-2026) assumes at the public end of the market. If you are selling a similar West Valley asset, lead with **vehicles per day**, not **vintage year**. The market is leasing operations, not just paving lots. --- ## Sources - [Marcus & Millichap Arranges the Sale of StorQuest Self Storage in Glendale, Arizona](https://www.marcusmillichap.com/news-events/press/2026/11/11-11-26-storquest-glendale), Marcus & Millichap, November 10, 2026 - [Self-Storage Real Estate Acquisitions and Sales: November 2026](https://www.insideselfstorage.com/self-storage-investing-real-estate/self-storage-real-estate-acquisitions-and-sales-november-2026), Inside Self-Storage, November 5, 2026 - [SecureSpace DFW All Storage Portfolio](https://www.yourcaio.co/news/securespace-dfw-all-storage-four-property-november-2026), Your CAIO, November 2026 - [TractIQ Street Rates September 2026](https://www.yourcaio.co/news/tractiq-september-2026-street-rates-2-9-percent-web-gap-november-2026), Your CAIO, November 2026 ## Frequently Asked Questions ### Where is the Glendale StorQuest that Marcus & Millichap sold in November 2026? The facility is at 9240 N. 67th Ave. in Glendale, Arizona, in the West Valley. It totals 74,900 square feet on 3.7 acres with seven single-story buildings and 700 drive-up units, according to Marcus & Millichap's November 10, 2026 release. ### What occupancy did the Glendale StorQuest show at sale? Marcus & Millichap said the property was below 80% occupied when marketed, giving the buyer lease-up upside in a dense trade area. The brokerage cited more than 163,000 residents within three miles as demand support. ### Who brokered the StorQuest Glendale sale? Adam Schlosser and Charles LeClaire of the LeClaire-Schlosser Group in Marcus & Millichap's Denver office marketed the deal with Ryan Sarbinoff as Arizona broker of record. The release did not name the buyer or transaction price. ### What unit mix does the Glendale StorQuest offer? The site offers ground-level drive-up units from 5-by-5 to 20-by-20 feet, electronic gated access, surveillance, an on-site office, and 25 open parking spaces for vehicles, RVs, and boats, per Marcus & Millichap. ### How does this deal compare to other November 2026 storage trades? The Glendale sale is a single-asset value-add play on occupancy, distinct from [SecureSpace's four-property Texas portfolio buy](https://www.yourcaio.co/news/securespace-dfw-all-storage-four-property-november-2026) and [Heitman's Nordic Talli platform launch](https://www.yourcaio.co/news/heitman-talli-nordic-drive-up-platform-november-2026) the same week. --- Cite as: David Cartolano, "Marcus & Millichap Sells 700-Unit StorQuest in Glendale, Arizona, With Sub-80% Occupancy," YourCAIO.co, 2026-11-11, https://www.yourcaio.co/news/storquest-glendale-700-units-marcus-millichap-november-2026