Tuesday, October 8, 2013

Parkway Self Storage & Car Wash Sale in Palm Coast, FL Brokered by Marcus & Millichap


Parkway Self Storage & Car Wash, 4860 NW Palm Coast Parkway, Palm Coast, FL

PALM COAST, FL, Oct. 8, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Parkway Self Storage & Car Wash, a 75,356-square foot self-storage facility located in Palm Coast, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

Richard D. Matricaria
Michael A. Mele, a first vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a limited liability company.  Mele procured and represented the buyer of the property, a limited liability company based in New York.

Parkway Self Storage & Car Wash is located at 4860 NW Palm Coast Parkway in Palm Coast, Florida.  This facility is situated on approximately 5.95 acres of land and includes a five-bay car wash.  Constructed in 2001, Parkway consists of 454 units for a total of 63,119 net rentable square feet.

“The sale of Parkway Self Storage and Carwash is a great example that distressed assets are still in the market,” said Mele in a statement. 

  “Our team was able to work with the owner and lender to ensure the maximum purchase price was achieved.”



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

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

1 comment:

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