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| Michael A. Mele |
HUDSON, 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 State Road 52 Storage, a 51,830-square foot self-storage located in Hudson,
Florida, according to Richard D. Matricaria, regional manager of the firm’s
Tampa office. The asset sold for $5,000,000.
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 local
investor. The buyer, an institutional
owner based out of New York City, was secured and represented by Mele.
State Road 52 Storage is
an institutional quality facility located at 11411 State Road 52 in Hudson,
Florida. It is five miles east of US Highway 19, a major thoroughfare down the
gulf coast of Florida.
The facility, which was constructed in 2008 and sits on
3.07, consists of 409 climate controlled and non-climate controlled units
totaling 43,928 net rentable square feet. The amenities at this facility include
sprinklered units, video surveillance, electronic gate access, a fully fenced
perimeter and an on-site management office.
“We continue to see the
price per square foot increase in these markets, although this deal is even
among the highest price paid in Pasco County,” says Mele. “The new owner will
see significant upside.”
“The Mele team did an
excellent job throughout the entire transaction, from the initial contract, to
marketing the facility, to the closing,” said Jerome Ciaravino, the seller of
State Road 52 Storage. “I would certainly recommend working with Mike Mele and
the entire Mele team.”
For a complete copy of the company’s news release,
please contact:
Richard D. Matricaria
Vice President/Regional
Manager,
Tampa, FL
(813) 387-4700
