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| Sentry Storage, 6535 SE 110th Street, Belleview, FL |
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| Michael A. Mele |
BELLEVIEW, FL, Sept.
24, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s
largest real estate investment services firm, has announced the sale of Sentry
Storage, a 38,704-square foot self-storage facility located in Belleview, Florida,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office.
Michael A. Mele, a first vice president investments, Luke
Elliott, associate in Marcus & Millichap’s Tampa office and Richard
Jones, an associate in the firm’s Atlanta office, represented the local
seller, a private investor. Mele and
Elliott also procured and represented the buyer of the property, a limited
liability company based in California.
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| Luke Elliott |
Sentry Storage is located at 6535 SE 110th Street in
Belleview, Florida. This is a 30,991
net rentable square foot facility situated on 3.8 acres of land. The property was built in multiple phases
between 1987 and 2002 and includes 32 units, of which 74 are climate-controlled
units, 125 are standard drive-up units, five are retail bays and 16 are RV and
boat parking spaces.
The facility consists of six storage buildings, two retail
buildings, a second-story manager’s apartment and a propane filling
station. The retail building contains
the manager’s office and the Pack-N-Send center, as well as the five rentable
retail bays.
Amenities at this location include security cameras, alarm
system, gated entrance and roll-up doors.
The property also benefits from being a U-Haul dealer.
“Our extensive property marketing campaign netted the owner
several legitimate offers and at the end of the day, we were able to select a
buyer that was thoroughly committed to the process, while structuring a deal
that worked for all parties involved,” said Elliott in a statement.
“This transaction is also a great indicator
that properties in tertiary markets are steadily growing popularity with
investors.” adds Elliott.
For a complete copy of the company’s news release, please
contact:
Richard D.
Matricaria
Regional Manager
Tampa, FL
(813) 387-4700
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