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| Patriot Self Storage of Bobcat Trail, North Port, FL |
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| Michael A. Mele |
NORTH PORT, 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 Patriot Self Storage of Bobcat Trail, an 83,400 rentable square
foot, self-storage facility located in North Port, Florida, according to Ari
Ravi, regional manager of the firm’s Tampa office.
Michael A. Mele, senior vice president investments, and Luke Elliott, associate vice
president investments, 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 represented by Mele and Luke
Elliott.
“This was a Class A asset
in a tertiary market that the developers had done a phenomenal job with. The
buyer pool encompassed regional and national groups,” says Elliott.
Patriot Self Storage of
Bobcat Trail is located at 2245 Bobcat Village Center Road in North Port,
Florida, offering 818 units among 83,400 rentable square feet and 103,990 gross
square feet.
The facility is situated in a densely
residential area with many national retailers in the vicinity and is near
Interstate 75. The North Port-Sarasota-Bradenton Metropolitan Statistical Area
is currently experiencing one of the highest domestic migration growth rates in
the country. North Port comprises the highest land mass and population in the
MSA.
“This sale proves the
market is still very strong for quality self-storage assets,” adds Mele.
For a complete copy of the company’s news release,
please contact:
Ari Ravi
Regional Manager
Tampa, FL
(813) 387-4700
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