 |
| Michael A. Mele |
DUNNELLON, FL – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, announced
the sale of Out-Back Self Storage, a
27,696-square foot self-storage facility located in Dunnellon, Florida,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office. The asset sold for $1,595,000.
Michael A. Mele, senior vice president investments in the Tampa office and senior
director of the firm’s National Self-Storage Group, Luke Elliott, associate, and Brian
Baldwin, associate, both in Marcus & Millichap’s Tampa office, had the
exclusive listing to market the property on behalf of the seller, a private
investor. The buyer, a private investor,
was secured and also represented by Mele,
Elliott and Baldwin.
“We ultimately were able
to drive six offers to the facility, and the buyer who was selected was an out
of area investor, far from the traditional buyer pool for self-storage,” says
Baldwin.
Out-Back Self Storage,
located at 19545 West Highway 40 in Dunnellon, Florida, is a high quality,
stabilized self-storage facility situated on approximately 3.32 acres.
Constructed in 2006 and expanded in 2009, this asset consists of 219 units,
both climate and non-climate controlled, for a total of 23,750 net rentable
square feet. It is a fully fenced and gate facility. The property is less than
a quarter mile east of US-41 and less than 17 miles southwest of Interstate 75.
For a complete copy of the company’s news release,
please contact:
Richard D. Matricaria
Vice President/Regional
Manager, Tampa
(813) 387-4700
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