TAMPA, FLA., September 21, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of SpaceSavers Storage, a 47,150-square foot self-storage facility located in Tampa, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office.
Michael A. Mele, a first vice president investments and senior director of Marcus & Millichap’s National Self-Storage Group (NSSG) is representing the seller, a Tampa-based private investor and the buyer, a limited liability company from Cleveland, Ohio.
SpaceSavers Storage was built in 1999 and is located in Tampa. This is a Class “A” facility situated on approximately 2.02 acres of land. The property is 85 percent physically occupied and consists of one three-story building. There are 475 climate controlled storage units ranging in size from 25 to 300 square feet. Also included is a space of 200 square feet which is being rented by the United States Postal Service to be operated as a post office.
“The sale of SpaceSavers Storage is another great example of the premium that is currently being paid for well-located, high quality self-storage facilities” said Mele.
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.