MULBERRY, Florida, July 1, 2021 – Marcus & Millichap Real Estate Investment Services of Florida, Inc. (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Storage Authority, an 82,850 square-foot self-storage facility located in Mulberry, Florida, according to Grant Fitzgerald, Regional Manager of the firm’s Columbus office.
Nathan Coe, Meir Perlmuter, Brett R. Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, and they also brought the buyer to the transaction. Ryan Nee, Florida Broker of Record and Division Manager, assisted in closing this transaction.
“We are very excited to announce the sale of Storage Authority in the Lakeland, Florida area,” said Nathan Coe, the lead agent involved with the sale. “This is a brand-new facility that leased up quickly and will be an excellent addition to the buyer’s expansive self-storage portfolio. The seller did a phenomenal job with the development and it was a great process all around”.
Storage Authority is located in Polk County which is a rapidly growing area in central Florida. The facility is about 25 miles east of downtown Tampa and features 660 total units totaling 82,850 net rentable square feet while being situated on over nine acres of land.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap 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.