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| Michael A. Mele |
PENSACOLA, FL, Sept. 8,
2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada,
today announced the sale of Pensacola
Self Storage, a 47,896-square foot self-storage facility located in
Pensacola, Florida, according to Richard D. Matricaria, regional manager of the
firm’s Tampa office.
The asset sold for
$4,112,000.
Michael A. Mele, senior vice president investment in Marcus & Millichap’s Tampa
office and senior director of the firm’s National Self Storage Group, had the
exclusive listing to market the property on behalf of the seller, a REIT. The buyer was secured and represented by Mele.
Pensacola Self Storage is
a stabilized, institutional quality asset that is conveniently located just
north of Interstate 10 at 9311 Pine Forest Road in Pensacola, Florida. The
facility consists of two climate controlled buildings with a total of 47,896
net rentable square feet.
The site is fully secured
with electronic key pad access and is monitored by surveillance cameras to
ensure safe storage. Constructed in 2004, the facility consists of 434 units
which range in size from 15 to 900 square feet and boat and R.V. parking. At
the time of the sale, Pensacola Self Storage’s occupancy was at 89 percent.
“The amount of quality
offers we received for this property shows how strong the demand is for
self-storage in not only the first tier markets, but in secondary markets as
well,” says Mele.
For a complete copy of the company’s news
release, please contact:
Richard D. Matricaria
Vice President/Regional
Manager
Tampa, FL
(813) 387-4700
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