ORLANDO, FLA., February 29, 2016 – 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 Surelock Self-Storage, a 61,000-square foot self-storage facility located in Orlando, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.
Michael A. Mele, senior vice president investment, and Luke Elliott, senior associate, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller. The buyer, a local limited liability company, was secured and represented by Michael A. Mele and Luke Elliott. “There was a constant communication during the marketing and under contract phase. It is wonderful to work with someone that makes this process rather easy,” states the sellers, Bouik and Dana Koshmer.
“Making sure private clients are well represented has been the backbone of our success,” adds Mele. “Using our vast resources to ensure they are getting the best deal possible is extremely important to us.”
Surelock Self-Storage is a state-of-the-art facility located in a high density location at 7628 Narcoossee Road in Orlando, Florida. Constructed in 2006, this self-storage facility contains 61,000 net rentable square feet and two pad ready sites. There are currently 402 non-climate controlled units and 120 climate controlled units on the property. To ensure secure storage, access is only granted with keypad entry through the electronic gate with digital security monitoring and fire sprinklers in each unit.
“We always cherish our client’s successes, but this transaction was somewhat of a stand out. The construction and management of this property were truly a family affair for the sellers. They built the property from the ground up beginning in 2006, and it was immensely satisfying to partner with them and achieve their goals,” said Elliott.
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About Marcus & Millichap (NYSE: MMI)
With over 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