News

  • The Mele Group of Marcus & Millichap Secures the Sale of a 66,720-NRSF Self-Storage Facility in California
    By Marcus & Millichap
    FAIRFIELD, CA, April 23, 2018 – 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 Fairfield Self Storage, a 66,720-rentable square foot self-storage facility located in Fairfield, CA, according to Ari Ravi, regional manager of the firm’s Tampa office.
  • The Mele Group of Marcus & Millichap Arranges the Sale of a Self-Storage Facility in Augusta, Georgia
    By Marcus & Millichap
    AUGUSTA, GA, April 20, 2018 – 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 Midway Storage and Rentals, a 21,664-NRSF self-storage facility located in Augusta, Georgia, according to Ari Ravi, regional manager of the firm’s Tampa office.
  • 4 things to know about self-storage certificate of occupancy deals in 2018
    By Marcus & Millichap
    “There is as many, if not more deals that are quietly being shopped around than have been really at any point over the last few years,” said Luke Elliott, first vice president investments and director, National Self-Storage Group at The Mele Storage Group / Marcus & Millichap in Tampa.
  • The Tax Cuts and Jobs Act of 2017: How Will Self-Storage Owners Be Affected?
    By Michael Mele, The Mele Storage Group of Marcus & Millichap
    President Donald Trump recently signed a tax-reform bill into law that provides the most significant U.S. tax changes since the Tax Reform Act of 1989. While self-storage owners will continue to enjoy many of their previous tax-relief advantages, some modifications could affect industry investments.
  • Sold! Weekly Self-Storage Acquisition Round Up 3.7.18
    By John Egan, Sparefoot
    An unidentified private investment group bought U Storage OK in Edmond, OK, from an unidentified LLC for an undisclosed amount. The newly built facility, at 14000 N. I-35 Service Road, features 623 units in 134,318 net rentable square feet on a nearly 7.9-acre site. Newport Beach, CA-based US Storage Centers has been tapped to manage the facility. Trey Hammond and Michael Mele, both of Marcus & Millichap, represented the seller. Brian Fulton of Marcus & Millichap represented the buyer.