PORT CHARLOTTE, FL, June 28, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Charlotte County Self Storage (top left photo), a 23,400 net rentable square foot self-storage facility located in Port Charlotte, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $625,000 or $26.71 per net rentable square foot.
Michael A. Mele (middle right photo), first vice president investments, and senior director of the National Self-Storage Group and Adam Wides (lower left photo), associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the Florida-based seller, a private investor. The buyer, a limited liability company, was secured and represented by Mele and Wides. Charlotte County Self Storage was built around 1996 and is located at 4201 Whidden Boulevard. This investment has 305 self-storage units, of which 43 are RV and boat parking spaces.
The units range from 25 to 250 square feet. The facility consists of one two-story climate controlled and non-climate controlled metal building. Amenities include drive-up units, security cameras, computerized gate entrance, roll-up doors, manager’s office and an on-site apartment.
“This transaction was a good example of the increased activity in the market place, as the seller was able to choose from multiple offers. It was a smooth transaction and the deal was closed in just over a month” said Wides.
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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