Tallahassee Self Storage Commands $4.2 Million
TALLAHASSEE, FL, Oct. 18, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Tallahassee Self Storage (top left photo), a 93,135 net rentable square foot self-storage facility located in Tallahassee, Fla., according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $4.2 million.
Michael A. Mele (top right photo), vice president investments and senior director of the National Self-Storage Group in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a Florida-based owner/developer and the Texas-based buyer, a limited liability company.
Tallahassee Self Storage is situated on 6.0 acres MOL of land. It was built in 1988, renovated in 2006 and is located at 5086 Tennessee Capital Boulevard.
This self-storage facility offers amenities ranging from climate controlled and non-climate controlled units, computerized gate entrance, digital surveillance, roll-up doors and a manager’s office.
“This purchase will allow the buyer to gain economies of scale in that market,” says Mele.
Assured Self-Storage in Altamonte Springs, FL Sells for $5,385,100
ALTAMONTE SPRINGS, FL, Oct. 18, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Assured Self Storage (middle right photo), an 84,471 net rentable square foot self-storage facility property located in Altamonte Springs, Fla., according to Bryn D. Merrey, regional manager of the firm’s Tampa office.
The asset commanded a sales price of $5,385,100.
Michael A. Mele, vice president investments and senior director of the National Self-Storage Group in Marcus & Millichap’s Tampa office had the exclusive listing to market the property on behalf of the seller, a national financial institution and the buyer, a private equity company.
Assured Self Storage was built in 1998 and is located at 510 Douglas Avenue. The facility is situated on 4.34 acres of land and consists of five buildings.
“This was our third bank deal this year,” says Mele. “We have several more under contract, and I’m sure we will see many more in 2011.”
Rutland Northeast Storage in St. Petersburg Goes for $1,070,500
ST. PETERSBURG, FL, Oct. 18, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Rutland Northeast Storage, an 11,973 net rentable square foot self-storage facility located in St. Petersburg, Fla., according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $1,070,500.
The buyer, a private equity company based out of the southeastern United States, was also secured and represented by Mele and Wides. This was Mele’s 14th self-storage closing of 2010.
Rutland Northeast Storage was built in 1974 and converted to storage in 2003. It is located at 898 30th Avenue North.
“Although this property is small, it has a great infill location,” says Mele. “The buyers will do very well with this facility.”
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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