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| Fair Mini Storage, 6551 Mobile Highway, Pensacola, FL |
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| Chico LeClaire |
PENSACOLA, FL, Dec. 11, 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 Fair
Mini Storage, a 37,375 rentable square foot, self-storage located in
Pensacola, Fla., according to Richard D. Matricaria, regional manager of the
firm’s Tampa office.
The asset sold for $1,000,000.
Chico LeClaire, a senior vice president investments
in Marcus & Millichap’s Denver, Colo. office and Michael A. Mele
senior vice president investments and Luke Elliott, associate in the
firm’s Tampa, Fla. office, represented the seller, a private investor based in
Texas. Dave Knobler, a senior
associate in Marcus & Millichap’s Houston office secured and represented
the buyer.
Fair Mini Storage is located at 6551 Mobile Highway in
Pensacola, Fla. This facility is 34
percent climate-controlled and consists of 327 units which range in size from
50 square feet to 300 square feet.
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| Michael A. Mele |
The premises are secured by an electronic gate with keypad
access and the site’s perimeter is fully fenced. Additional security is provided by on-site lighting and
surveillance cameras. The facility
offers roll-up doors and wide driveways for easy drive-up unit
accessibility.
“Fair Mini Storage
was the one of the few remaining distressed deals left over from the downturn”
says Mele. “We had over nine offers
with buyers ranging from California to Florida” adds Elliott.
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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