Monday, February 8, 2016

Marcus & Millichap Brokers Sale of 520 Self Storage in Cocoa, FL

Michael A. Mele
COCOA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 520 Self Storage, a 53,635 net rentable square foot self-storage located in Cocoa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

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, a private investor.  The buyer, a limited liability company, was secured and represented by the three brokers.

520 Self Storage is a five-building facility located at 3855 West King Street in Cocoa, Florida. 

There are currently 498 climate controlled and non-climate controlled storage units ranging in size from 25-square feet to 700-square feet, as well as eight rentable parking spaces to accommodate RV, boat and vehicle storage. 

All units are ground level and are accessible via wide driveways for easy unloading. The facility was constructed in 1990 and expanded in 2000.

“A thorough understanding of a unique site, as well as knowing its challenges, allowed us to deliver multiple offers to the seller and ultimately brought a solid buyer accomplishing both the buyer and seller’s goals,” 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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