KISSIMMEE, FLA., November 9, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Airport Discount Storage, a 84,030-square foot self-storage facility located in Kissimmee, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $4,950,000.
Michael A. Mele, senior vice president investments in Marcus & Millichap’s Tampa office and senior director of the firm’s National Self-Storage Group, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, an institutional operation based in New York City, was secured and represented by Michael A. Mele.
“The buyers of this facility will be able to leverage their size and experience to greatly improve this facility,” says Mele.
Airport Discount Storage is quality self-storage facility located at 1004 North Hoagland Boulevard in Kissimmee, Florida. The property is less than 0.25 miles south of Highway 192, a major tourist stop in the area near the Walt Disney Resort. Its location is part of the desirable Orlando MSA, which was ranked number one in job growth in 2014. The facility is situated on 3.15 acres and was constructed in 1981. It consists of 474 units for a total of 84,030 net rentable square feet plus boat, R.V. and vehicle parking. Other amenities include video surveillance, electronic gate access, a fully fenced perimeter and on-site management office.
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About Marcus & Millichap (NYSE: MMI)
With nearly 1,500 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 7,600 transactions in 2014 with a value of approximately $33.1 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
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