Marcus & Millichap Sells 52,896-SF Self-Storage Facility in Tampa for $1.425M

TAMPA, Fla, March 12, – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Discount Mini Storage, (bottom left photo)  a 52,896 square foot self-storage facility property located in Tampa, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $1,425,000.

Michael A. Mele, (top right photo)  vice president investments 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 also secured and represented by Michael A. Mele.

Discount Mini Storage is located at 8323 West Hillsborough Avenue. It is a 41,125 net rentable square foot self-storage facility situated on 1.67 acres (MOL) of ground in Tampa, Florida. Discount Mini Storage was built in 1998 and currently enjoys a 68 percent physical occupancy level.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700