FORT MYERS, FL, October 3, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of US 41 Self Storage, a 76,903-square foot self-storage facility located in Fort Myers, 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) in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a Florida-based financial institution and the buyer a partnership.
US 41 Self Storage was constructed in 2006 and is located in Fort Myers, Florida. The property is 80.6 percent physically occupied and has 438 self-storage units, 208 of which are climate-controlled units, 87 are non-climate controlled and 143 are RV/boat parking spaces. The facility consists of one two-story building and five one-story buildings. Storage units at this facility range from 25 to 300 square feet.
“The speed with which buyers not only placed offers, but also competed heavily on terms, resulted in a deal that went from listing to closing in under three weeks.” said Mele, “We have seen incredible activity on distressed self-storage assets as buyers compete heavily on both price and terms for these opportunities.”
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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.