Marcus & Millichap Sells 24,750-SF Self-Storage Faco;otu om Dunnellon, FL

DUNNELLON, FL, May 28, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Out-Back Self Storage,(top left photo)  a 24,750-square foot self-storage facility property located in Dunnellon, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $1,150,000.

Adam Wides, (middle right photo) investment specialist and Michael A. Mele (bottom left photo) , vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company and the buyer, a private investor, both based out of Florida.

“Out-Back Self Storage has a lot of the characteristics an investor looks for in a facility and it proves that quality, income-producing facilities can find a buyer in this market”, stated Wides.

“We were able to generate multiple offers for this property and chose a buyer who came in above 95% of list price and closed in 45 days”, added Mele

Out-Back Self Storage is located at 19545 West Highway 40. This 23,625 net rentable square foot facility is situated on approximately 3.32 acres of land. The property was built in 2006 and expanded in 2009.

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