BRADENTON, FL July 17, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Big Jim Self Storage (top left photo), a 90,964-square foot self-storage facility located in Bradenton, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.
Michael A. Mele (lower right photo), a first vice president investments and senior director of Marcus & Millichap’s National Self-Storage Group (NSSG) in the Tampa, Fla. office of Marcus & Millichap, had the exclusive listing to market the property on behalf of the local seller, a limited liability company and the buyer, a partnership.
Big Jim Self Storage is a Class “A” facility constructed in 2003 and located at 6403 State Road 64 East. Situated on 6.03 acres of land, the property consists of 626 storage units, of which 457 are climate controlled, 166 are non-climate controlled and three are parking spaces. Unit sizes range from 15 to 300 square feet. Amenities include; electronic access, video surveillance, as well as packing and moving supplies to name a few.
“This self-storage transaction is an indicator of how competitive the market is for Class “A” properties” comments Mele. I think it is fair to say that cap rates for high-quality facilities like Big Jim, are back to pre-crash levels.”
Press Contact:
Richard D. Matricaria
Regional Manager,
Tampa, FL
(813) 387-4700
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