Wednesday, April 10, 2013

Embassy One U-Store in Port Richey, FL Sells for $2.6 Million

Embassy One U Store, Port Richey, FL

PORT RICHEY, FL, April 10, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Embassy One U-Store, a 52,741 rentable square foot self-storage facility located in Port Richey, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $2,600,000.

Michael A. Mele
Michael A. Mele, a first vice president investments in Marcus & Millichap’s Tampa office, marketed the property on behalf of the local seller, a limited liability company.  Mele also procured and represented the buyer, a Florida based company. 

“This transaction is a great example of the extensive exposure that Marcus & Millichap has of qualified buyers,” says Mele. “We brought a credible regional buyer to an asset that was outside the vision of the REITs and other national self-storage operators.”

 For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
Regional Manager,
Tampa, FL
(813) 387-4700

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