BEVERLY HILLS, 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 Diamond Self Storage, a
44,793-square foot self-storage facility located in Beverly Hills, Florida,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office.
Michael A. Mele, senior
director of the firm’s National Self Storage Group and 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, a private
investor. The buyer, a private investor,
was secured and represented by the three brokers.
 |
| Michael A. Mele |
Diamond Self Storage is a
44,793 net rentable square foot self-storage facility located at 4239 North
Modelwood Drive in Beverly Hills, Florida. The facility consists of a total of
425 units and was constructed in 2002. It is situated on approximately 2.84
acres, and is secured by electronic gate access and recorded video
surveillance.
The property is located in
Citrus County, along Florida’s Gulf Coast. Citrus County, commonly known as the
"Nature Coast", offers a strong business climate paired with an
exceptional quality of life due to its low labor costs and affordable living
costs.
The property is 4.5 miles
southwest of Highway 41 and only two miles northeast of Black Diamond Ranch,
which was rated the #1 golf community in Florida by both Golf Week and Florida
Golf Magazine.
“Marcus & Millichap
was designed to help private clients and the success of the seller in this
situation demonstrates this in graphic fashion. Controlling the process from
listing to close in just over 90 days, we drove multiple, qualified offers to
the seller and ultimately closed with a regional investor outside the
traditional buyer pool,” says Elliott.
“Understanding what works
on these facilities and having worked in them for years, really give us an edge
on explaining to outside capital why they make sense,” added Baldwin.
For a complete copy of the company’s news release,
please contact:
Richard D. Matricaria
First Vice President /
Regional Manager
Tampa, FL
(813) 387-4700
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