Sunday, January 24, 2016

Seminole Storage in Zephyrhills, FL Sold for $2.45 Million in Deal Handled by Marcus & Millichap

Michael A. Mele

ZEPHYRHILLS, FLA., January 13, 2016 – 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 Seminole Storage, a 55,225-square foot self-storage facility located in Zephyrhills, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,456,000.

Michael A. Mele, senior vice president investments, Luke Elliott, senior associate, and Brian Baldwin, associate, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, Ander Gibbs, a private investor.

“Luke, Mike and the entire Mele Group did a terrific job handling the sale and bringing in offers from buyers all over the country. This is the second time I have used them to sell a facility, and gladly would do so again in a heartbeat,” said Gibbs.

Seminole Storage is a fully stabilized self-storage facility located at 38847 County Road 54 and 37822 State Road 54 in Zephyrhills, Florida. The offering contained 306 storage units and five office suites for a total of 55,225 net rentable square feet.

“This transaction highlights the interest in tertiary market facilities; while not a fit for many buyers, our systematic approach brought interest from all over before we ultimately selected the right buyer,” says 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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