CLEARWATER, FL, January 27, 2017 – 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 AA Accredited Storage, a 358-unit self-storage facility located in Clearwater, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office.
Brian Baldwin, investment associate, Luke Elliott, vice president investments, and Michael A. Mele, senior managing director investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller. The buyer was secured and represented by Anne Williams, vice president investments in the firm’s Memphis office.
“The buyer selected was new to self-storage investments and was sourced through the marketing platform unique to Marcus & Millichap with multiple offers in the first three days,” says Baldwin.
AA Accredited Storage consists of 358 total units, comprised of 187 climate controlled units, 56 covered shed spaces, 26 full closet units, 22 half closet units and one open bay space across 16,419 rentable square feet. The facility caters to the local demand for boat and RV storage with 56 covered shed spaces for 25,480 rentable square feet, in addition to 66 open yard spaces. Located at 14433 62nd Street North in Clearwater, Florida, the facility is one-half mile northwest of U.S. Route 19 and 0.7 miles north of Ulmerton Road.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing 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 8,700 transactions in 2015 with a value of approximately $37.8 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