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| Oxford Storage, Fern Park, FL |
FERN PARK, FLA., April 11, 2013 – Marcus & Millichap
Real Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of Oxford Storage, a 46,750
rentable square foot self-storage facility located in Fern Park, Florida,
according to Richard D. Matricaria, Regional Manager of the firm’s Tampa
office.
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| Michael A. Mele |
The asset commanded a sales price of $2,200,000.
Michael A. Mele, a first vice president investments
in Marcus & Millichap’s Tampa office, had the exclusive listing to market
the property on behalf of the local seller, a partnership. Mele also procured and represented the
buyer, a limited liability company based out of Michigan.
Oxford Storage was constructed in 1999 and is situated on
4.06 acres of land. Located at 230
Oxford Road, the property comprises 420 storage units, 169 of which are
climate-controlled, 218 are non-climate controlled and 33 are parking
spaces. The sizes of the storage units
range from 25 to 400 square feet.
Amenities include electronic gate access, truck rental and moving
supplies.
“This is a definite ‘add value’ play for the buyers. They
will benefit significantly once their management takes over, making this a very
nice deal for them,” says Mele.
For a complete copy
of the company’s news release, please contact:
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
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