Monday, September 9, 2013

Marcus & Millichap Arranges Sale of 31,619-SF Self-Storage Facility in Boca Raton, FL




Boca Mini Storage,  5555 - 5701 North Dixie Highway, Boca Raton, FL

BOCA RATON, FL, September 9, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Boca Mini Storage, a 31,619 square-foot self-storage facility located in Boca Raton, FL. The asset sold for $1,700,000.

Howard Bregman
Howard Bregman, an investment specialist in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust from Palm Coast, FL.

“The property has a long history of extremely high occupancy levels and presented a rare opportunity for an investor to purchase a very well-located, meticulous maintained asset in east Boca Raton at a low cost per square foot and tremendous upside,” says Bregman. 

Boca Mini Storage is a three-building self-storage facility situated on 1.91 acres. The property was built and has been meticulously maintained by the seller since 1976.

It consists of 402 units, of which 186 are climate controlled and 18 have direct outside drive up access.

 Additionally, there is one two bedroom/two bathroom manager's apartment as well as an 1,800-square foot office on the second-story. Boca Mini Storage is located at 5555 - 5701 North Dixie Highway in Boca Raton, FL.

For a complete copy of the company’s news release, please contact:

Gregory Matus
Regional Manager
Vice President
 Fort Lauderdale, FL

(954) 245-3400

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