Marcus & Millichap facilitates sale of a 52,465-SF Self-Storage Facility in Brandon, FL for $2.125 MIllion

  

BRANDON, FL, Dec. 13, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Brandon Mini Storage (top left photo), a 52,465-square foot self-storage facility located in Brandon, Fla., according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office. The asset commanded a sales price of $2,125,000.

Michael A. Mele (lower right photo), first vice president investments and senior director of the National Self-Storage Group in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor from Brandon, Florida.  The listing agent also represented the buyer, a partnership based out of California.

 Brandon Mini Storage is located at 203 Providence Road.  The property was built in 1978 and final expansions were completed in 1997.  Situated on approximately 4.35 acres of land, this investment has 545 self-storage units, 46 are climate controlled, 432 are non-climate controlled and 67 are RV/boat parking spaces.  Amenities include security cameras, wide driveways, perimeter fencing and a manager’s office.

“Brandon Mini Storage was a non-distressed deal that traded at an aggressive price. This transaction highlights a positive outlook in the Florida self-storage industry. We anticipate more market rate deals like this one in 2012” says Mele. 

Press Contact: Bryn D. Merrey,Vice President/Regional Manager, Tampa

(813) 387-4700

Stirling Sotheby’s International Realty Negotiates $1.5 Million sale of Tomoka Oaks Golf and Country Club in Ormond Beach, FL

ORLANDO, FL. – Stirling Sotheby’s International Realty’s Commercial Division recently negotiated the $1.5 Million sale of Tomoka Oaks Golf and Country Club (top left photo) at 20 Tomoka Oaks Blvd. in Ormond Beach.

 Mark Arnold (middle right photo), International Commercial Investment Specialist at Stirling Sotheby’s International Realty, negotiated the transaction representing the seller, Putnam State Bank, based in Palatka.

 Arnold said an Orlando area investment partnership purchased the property, which consists of an historic 18-hole golf course built in 1965 and 144 acres including 33 acres for future residential development. 

Tomoka Oaks is complemented by magnificent Oaks throughout the established residential community in Ormond Beach.  The prime location, in-town gentile and proximity to the beach have long attracted seasonal residents to the community, Arnold said. 

 “We fully expect the new ownership to bring the course and facilities back to the premier conditions of its storied past,” he said.

 Stirling Sotheby’s International Realty’s marketing efforts attracted extensive interest from area investors and developers as well as prospective buyers interested in golf course ownership and land development from across the country as well as international buyers, Arnold added.

 “The level of interest speaks highly of the attractiveness and future of the Ormond Beach area,” said Arnold.

 For more information, contact:

Mark Arnold, International Commercial Investment Specialist, Stirling Sotheby’s International Realty, 407-588-1260 marnold@stirlingsir.com

Roger Soderstrom, Owner/Founder Stirling Commercial Group, 407-588-1260;

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142