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| Parkway Self Storage & Car Wash, 4860 NW Palm Coast Parkway, Palm Coast, FL |
PALM COAST, FL, Oct. 8, 2013 – Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of Parkway Self Storage & Car Wash,
a 75,356-square foot self-storage facility located in Palm Coast, Florida,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office.
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| Richard D. Matricaria |
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 limited liability company. Mele procured and represented the buyer of
the property, a limited liability company based in New York.
Parkway Self Storage & Car Wash is located at 4860 NW
Palm Coast Parkway in Palm Coast, Florida.
This facility is situated on approximately 5.95 acres of land and
includes a five-bay car wash. Constructed
in 2001, Parkway consists of 454 units for a total of 63,119 net rentable
square feet.
“The sale of Parkway Self Storage and Carwash is a great
example that distressed assets are still in the market,” said Mele in a
statement.
“Our team was able to work
with the owner and lender to ensure the maximum purchase price was achieved.”
For a complete copy of the company’s news release, please
contact:
Richard D. Matricaria
Regional Manager
Tampa, FL
(813) 387-4700
1 comment:
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