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| Mike Mele |
PORT CHARLOTTE, 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 Value Self Storage, a
35,758-square foot self-storage facility located in Port Charlotte, Florida,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office.
The asset sold for $1,900,000.
Michael A. Mele,
senior vice president investments 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 private
investor.
The buyer, a private investor,
was secured and represented by Mele and Brian
Baldwin, associate in the firm’s Tampa office.
“This deal is an example
of how well the private client market has rebounded in self-storage,” says
Mele.
Value Self Storage is
located just off of Port Charlotte’s main thoroughfare at 23227 Freedom Avenue
in Port Charlotte, Florida. This facility is comprised of 687 units that range
in size from small lockers to 300-square foot units.
There is a combination of
climate-controlled units, non-climate units, lockers and RV and boat parking.
It is situated on approximately 2.83 acres, and has a total of 35,758 net
rentable square feet. Value Self Storage was constructed in 1984 and was
expanded in 1997 to meet the increasing demand in the area. The property is
meticulously maintained and features amenities such as truck rentals, 24-hour
gate access, video surveillance and perimeter fencing.
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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