The Mele Group and the LeClaire Team of Marcus & Millichap Announce the Sale of Three U-Store-It Properties in Florida

TAMPA, FL – May 13, 2008--The Mele Group and The LeClaire Team of Marcus & Millichap announced the sale of three U∙Store∙It properties in Florida.

Located in Miami, Leesburg, and Lakeland and as part of a 21 property portfolio located in five states, these represent the first three properties to close in the state of Florida.

The properties include U-Store-It, Lakeland, FL, 47,880 nrsf on 3.0 acres (storng physical occupancy); U-Store-It, Leesburg, FL, 60,040 nrsf on 3.93 acres (great market demographics); and U-Store-It, 77th Ave, Miami, FL, 57,240 nrsf on 2.51 acres (exposure on Palmetto Expressway).

The 77th Avenue Miami location sold for $2,175,000 and the Leesburg location at $2,400,000 to the same purchaser, a private partnership based in South Florida.

The U∙Store∙It Lakeland facility, closed at $2,050,000 to a private investor out of Florida. Michael A. Mele (top right photo) of Marcus & Millichap’s Tampa office and Chico LeClaire, of Marcus & Millichap’s Denver office represented both the buyer and seller in the transactions.

CONTACT:

Michael A. Mele

Marcus & Millichap

813 387 4700