The Mele Group of Marcus & Millichap Arranges the Sale of a Mesa, Arizona Self-Storage Facility
MESA, AZ, May 29, 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 MoreSpace Mesa, a self-storage facility located in Mesa, Arizona, according to Ryan Sarbinoff, regional manager of the firm's Phoenix office. The asset sold for $7,250,000.
Creating a Market for Self-Storage Properties Nationwide
In all, Michael A. Mele has participated in nearly 400 deals totaling in excess of $2 billion, earning him the firm’s Chairman’s Circle of Excellence Award, top National Self Storage Association honors in five of the past seven years and, earlier this month, a pair of top Pinnacle awards from the Florida Gulfcoast Commercial Association of Realtors’ accolades.
The Mele Group of Marcus & Millichap Arranges the Sale of A 66,720-NRSF Self-storage Facility in California
“Understanding the unique circumstances of each project is key, and with our experience we are able to create a pool of buyers for the sellers we represent. During our marketing process, we had buyers from all over the country who are clamoring to invest in California self-storage,” states Mr. Elliott.
Sold! Weekly Self-Storage Acquisition Round Up 4.25.18
Midway Storage & Rentals in Augusta, GA, has a new owner. An unidentified private investor bought the nearly 13-acre facility from an unidentified private investor. The facility, at 1735 Barton Chapel Road, contains 21,664 net rental square feet with 175 units, including 17 boat and RV parking spaces. Michael Mele and Brian Fulton, both of The Mele Group at Marcus & Millichap in Tampa, FL, represented the seller and found the buyer. Michael Fasano, regional manager at Marcus & Millichap in Atlanta, GA, helped close the deal.
The Mele Group Brokers Sale of CA Facility
Marcus & Millichap’s self-storage group arranged the sale of a 515-unit facility located in Fairfield, Calif. The group represented the seller and also secured the buyer in the transaction.