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| 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.
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| 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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