Self-Storage Facility in Sunnyslope Changes Hands
PHOENIX, Ariz. Aug. 25, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 7th Street and Dunlap Self Storage, a five-story, 706-unit, 69,910-net-rentable-square- foot storage facility in Phoenix. The facility was sold for an undisclosed amount and represented a reported record-breaking price within this market.
The Mele Group Releases Self-Storage Video Series Examining Real Estate Market Trends
The Mele Group, the predominant self-storage advisory team for commercial property-investment firm Marcus & Millichap, has planned a series of videos examining real estate trends within the storage industry. The first two videos, examining market performance and development, respectively, have been released. Both feature Michael Mele, senior vice president investments, and Luke Elliott, associate vice president of investments, of Marcus & Millichap’s National Self Storage Group.
The Mele Group Offers Outlook on Self-Storage Real Estate
In this video, Michael Mele, senior director, and Luke Elliott, associate vice president of investments, of Marcus & Millichap’s National Self Storage Group, reflect on the self-storage real estate market for the first half of 2016, and offer predictions for the remaining year. In part one of this series, they discuss self-storage transactions, rental rates and occupancies.
Looking ahead to ‘Life’ after Uncle Bob
A new name is expected to give self-storage operator Sovran Self Storage a competitive boost. CEO David Rogers said changing the brand name of its self-storage stores from Uncle Bob’s to Life Storage is likely to boost occupancy over the next several months.
The Mele Storage Group of Marcus & Millichap Arranges the Sale of a 36,150-Square Foot Self-Storage Facility
TULSA, Oklahoma, August 8, 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 38th Street Mini Storage, a 36,150 rentable square foot self-storage facility located in Tulsa, Oklahoma.