APOLLO BEACH, Fla., April 22, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Apollo Beach Mini Storage, a 39,310-square foot self-storage facility located in Apollo Beach, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,150,000.
Luke Elliott, investment specialist and Michael A. Mele, a first vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company based in California. The listing agents also procured the buyer of the property, a local private investor.
Apollo Beach Mini Storage is a fully stabilized self-storage facility built in 1999. The property is located at 313 Apollo Beach Boulevard in Apollo Beach, Florida and consists of 366 units. There are a total of ten single-story buildings stretching across 2.73 acres of land. Wide driveways allow for easy unit accessibility, and RV and boat storage is readily available.
“The strength and volume of offers received on this asset is a testament to the wide range of investors interested in stabilized facilities like Apollo,” says Elliott.
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About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 6,600 transactions in 2013 with a value of approximately $24 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com