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| Michael A. Mele |
ZEPHYRHILLS, FLA., January
13, 2016 – 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 Seminole
Storage, a 55,225-square foot self-storage facility located in Zephyrhills,
Florida, according to Richard D. Matricaria, regional manager of the firm’s
Tampa office. The asset sold for $2,456,000.
Michael A. Mele,
senior vice president investments, Luke
Elliott, senior associate, and Brian
Baldwin, associate, all in Marcus & Millichap’s Tampa office, had the
exclusive listing to market the property on behalf of the seller, Ander Gibbs, a private investor.
“Luke, Mike and the entire
Mele Group did a terrific job handling the sale and bringing in offers from
buyers all over the country. This is the second time I have used them to sell a
facility, and gladly would do so again in a heartbeat,” said Gibbs.
Seminole Storage is a
fully stabilized self-storage facility located at 38847 County Road 54 and
37822 State Road 54 in Zephyrhills, Florida. The offering contained 306 storage
units and five office suites for a total of 55,225 net rentable square feet.
“This transaction
highlights the interest in tertiary market facilities; while not a fit for many
buyers, our systematic approach brought interest from all over before we
ultimately selected the right buyer,” says Elliott.
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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