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| Michael A. Mele |
MIAMI, Fla., August 13, 2014 – Marcus & Millichap (NYSE:
MMI), a leading commercial real estate investment services firm with offices
throughout the United States and Canada, today announced the sale of Doral Self
Storage, a 58,177-square foot self-storage facility located in Miami, Fla.,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office. The asset sold for $4,600,000.
Michael A. Mele, a senior vice president investments
in Marcus & Millichap’s Tampa office, represented both parties in the
transaction.
Doral Self Storage is located in the highly desirable
primary market of Miami, Fla., at 5055 NW 77th Avenue.
This facility was built
in 1986 and consists of 611 units for a total of 57,240 net rentable square
feet. Units range in size from 15 to
300 square feet and there are thirteen rentable parking spaces.
All units are located on the ground level
for easy drive-up access and hassle-free uploading from the driveways. The perimeter is entirely fenced and
surveillance cameras are prevalent throughout the property.
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| Doral Self Storage, 5055 NW 77th Avenue Doral, FL |
Access is granted through electronic keypad
entry, guaranteeing secure storage.
Doral Self Storage features an on-site rental office and a second-story
apartment that allows for easy and efficient on-site management.
“This was a very smooth deal and beneficial for both the
buyer and the seller,” says Mele. “It
also demonstrates the continued consolidation of self-storage in the Dade
County market.”
For a complete
copy of the company’s news release, please contact:
Richard D.
Matricaria
Vice President/Regional Manager
Tampa, FL
(813) 387-4700
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