Tuesday, May 22, 2012

Marcus & Millichap arranges sale of Storage House in Gulfport, FL for $1.135 Million



ULFPORT, FL, – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Storage House (top left photo), a 23,400-square foot self-storage facility located in Gulfport, Florida, according to Richard Matricaria (middle right photo), regional manager of the firm’s Tampa office.

The asset commanded a sales price of $1,135,000.

Adam Wides (middle left photo), a self-storage specialist and Michael A. Mele (lower right photo), a first vice president investments and senior director of Marcus & Millichap’s National Self-Storage Group, both in the firm’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

he buyer, a private investor, was secured and represented by Mele and Wides.

Storage House is located at 1219 49th Street South.  The facility sits on 0.98 acres of land and was constructed in 2000.  This asset consists of two single-story buildings with a total of 183 self-storage units, of which 142 are climate-controlled.  Amenities include; perimeter fencing, video surveillance, roll-up doors, gated entry, electronic security and a manager’s office.

“Adam has done a great job of marketing smaller properties to our private clients”, says Mele.   “We are very pleased with the execution of the transaction. The buyer was a first time buyer who received financing through the SBA 504 program. The deal took less than 40 days to complete and it went through seamlessly” adds Wides.

Press Contact: Richard Matricaria, Regional Manager, Tampa, (813) 387-4700

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