NAPLES, FLA, March 13, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of North Naples Storage, a 83,100 square-foot self-storage facility located in Naples, Fla, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $6,175,000.
Michael A. Mele, a first vice president investments and Luke Elliott, investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor based in Minnesota. Mele and Elliott procured the Florida-based buyer, a limited liability company.
North Naples Storage was built in 1998 and is located at 15600 Old 41 Road in the highly desirable Naples, market and Southwest Florida MSA. This facility has a total of 73,950 rentable square feet, covering 10.74 acres, with 567 storage units and 257 parking units, a unique blend of traditional and outside storage.
“The North Naples Storage transaction shows continued interest in secondary market deals and the potential that these markets represent,” says Elliott. “There were multiple offers and the buyer will enjoy the growing Southwest Florida Market,” concludes Elliott.
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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 6,149 transactions in 2012, 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.