Saturday, July 29, 2017

Strategic Storage Growth Trust, Inc. Acquires Newly Constructed Self Storage Facility Near Charleston, SC

H. Michael Schwartz
CHARLESTON, S.C. –– Strategic Storage Growth Trust, Inc. (“SSGT”), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC, announced its purchase of a 500-unit, newly-constructed self storage facility in the Charleston, South Carolina suburb of Mount Pleasant for $5.7 million.

“This modern self storage facility is 100 percent climate controlled and easily accessible to renters via Interstate 526 and other heavily trafficked thoroughfares,” said H. Michael Schwartz, chairman and chief executive officer.

“The property presents an opportunity to add significant value to the portfolio of Strategic Storage Growth Trust as our professional management team leases up the facility, which is currently approximately 16 percent leased. This acquisition fits our investment strategy, which is to acquire attractive value-add opportunities.”

Located at 701 Wando Park Blvd., the three-story structure is situated on approximately 1.5 acres of land and includes roughly 48,000 rentable square feet.

With this latest acquisition, the portfolio of SSGT is now comprised of more than 12,900 self storage units in 9 states.

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

Julie Leber
Damon Elder
Spotlight Marketing Communications
949.427.5172, ext. 703
949.427.5172, ext. 702

Marcus & Millichap Brokers $6.5 Million Sale of Howell Branch Corners in Casselberry, FL

Douglas K. Mandel
CASSELBERRY, 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 Howell Branch Corners, a 14,765-square foot retail property located in Casselberry, FL, according to Ryan Nee, Vice President/Regional Manager of the firm’s Fort Lauderdale office.

The asset was 77 percent occupied at the time of sale and sold for $6,525,000 or $442 PSF.
Douglas K. Mandel, Senior Managing Director Investments, in Marcus & Millichap’s Fort Lauderdale office and Nicholas Hanson, Associate, in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a partnership, and secured and represented the buyer, a limited liability company.

Mandel states, “The transaction demonstrates the continued trend of capital inflow to Orlando from primary markets by investors seeking higher yields and the non-stop demand for quality retail assets throughout the MSA from out of area buyers attracted by the regions strong fundamentals and future growth potential.”

Howell Branch Corners is located at 2525 Howell Branch Road in Casselberry, FL.

Nicholas Hanson
Shadow-anchored by a Casselberry Commons, the property is located at the signalized corner of Howell Branch and Semoran Boulevard, one of the busiest thoroughfares in the Orland, offering tenants excellent exposure. 

Howell Branch Corners is a 14,765-square foot, premium retail plaza boasting national tenants such as Starbucks, BB&T and T-Mobile.

“Buyers are seeking premium assets in non-traditional-class A locations where they can achieve strong returns with the opportunity to add value,” continues Hanson.

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

Ryan Nee
Vice President / Regional Manager, Fort Lauderdale

(954) 245-3400

Del Webb Stone Creek in Ocala, FL Launches New Floor Plan with 12 Different Elevations

Sean Strickler
OCALA, FL. --- Del Webb Stone Creek released a new floor plan that offers enough customizable options and ample storage space to satisfy any lifestyle – the Crestview home design in the homebuilder’s Garden Series, priced from the $183,990.  

Sean Strickler, president of Del Webb’s West Florida Division, said the new Crestview home design at Stone Creek offers 12 elevations, and a loft option with a living area, bedroom and full bath that adds 741 square feet.

“As part of our consumer-inspired feedback, we’re excited to introduce the Crestview, an innovative home design featuring an optional multi-generational suite,” said Strickler.  

The Crestview’s design features two to four bedrooms, two to three-and-a-half baths, a two-car garage and a covered lanai.   Homebuyers can access Del Webb’s interactive online floor plan to customize available options, such as a multi-generational suite downstairs or second story with a loft, an extra bedroom or den in lieu of the flex room, or extended covered lanai and extended patio.

“Consumer trends are heading toward more multi-generational households due to a number of factors and we can accommodate those needs with our flexible plans,” Strickler said.

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

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-461-3780 or 407-644-4142;