BRANDON, FL, Dec. 13, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Brandon Mini Storage (top left photo), a 52,465-square foot self-storage facility located in Brandon, Fla., according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office. The asset commanded a sales price of $2,125,000.
Michael A. Mele (lower right photo), first vice president investments and senior director of the National Self-Storage Group in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor from Brandon, Florida. The listing agent also represented the buyer, a partnership based out of California.
Brandon Mini Storage is located at 203 Providence Road. The property was built in 1978 and final expansions were completed in 1997. Situated on approximately 4.35 acres of land, this investment has 545 self-storage units, 46 are climate controlled, 432 are non-climate controlled and 67 are RV/boat parking spaces. Amenities include security cameras, wide driveways, perimeter fencing and a manager’s office.
“Brandon Mini Storage was a non-distressed deal that traded at an aggressive price. This transaction highlights a positive outlook in the Florida self-storage industry. We anticipate more market rate deals like this one in 2012” says Mele.
Press Contact: Bryn D. Merrey,Vice President/Regional Manager, Tampa
(813) 387-4700
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