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| Jay Massirman |
 |
| Aaron Swerdlin |
MCSS completed construction of the
facilities, located in Miami’s Coconut Grove, Midtown and Upper East Side
neighborhoods; Davie; Fort Lauderdale; and Hallandale Beach; in 2018 and 2019.
 |
| 36 Street self-storage facility |
The facilities have a combined 6,197 units totaling 517,632 square feet of rentable self-storage space. Occupancy across the portfolio is 90%, and the average population within a 3-mile radius of the facilities is 188,224.
 |
| 28 Lane self-storage facility |
The portfolio sale closed in December 2021. Financial terms were not disclosed.
“As one of the industry’s most active self-storage
developers, we have amassed a substantial nationwide portfolio of projects and
completed facilities,” MCSS Managing Partner Jay Massirman said.
“We periodically consider strategic sales,
like the latest portfolio transaction in South Florida, as we move forward with
several new projects.
 |
| Davie, FL self-storage facility |
"Our new venture, WMG Partners, currently has 15 development projects in the pipeline located in core U.S. markets and is actively acquiring small bay and last mile warehousing and development sites.”
Aaron Swerdlin of Newmark’s Houston office arranged the portfolio sale on behalf
of MCSS.
CONTACT:
Eric Kalis
Vice President
BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island
Road
Suite 320 | Fort Lauderdale, FL 33322
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