News

  • The Mele Group Brokers Sale of PA Storage
    By Evelyn Jozsa, Commercial Property Executive
    "We were able to achieve a low cap rate for the seller in a third-tier market, by demonstrating a clear path to higher revenue. There was still sufficient runway for the buyer to achieve the results that they were seeking," said Robert Bloch, investment specialist at Marcus & Millichap, in prepared remarks.
  • The Mele Group Secures the Sale of Harrisburg, PA Facility
    By Marcus & Millichap
    HARRISBURG, PA, December 18, 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 Storhouse at Paxton Street, a 57,806-square foot self-storage facility located in Harrisburg, PA, according to Ari Ravi, regional manager of the firm's Tampa office.
  • Sold! Weekly Self-Storage Acquisition Round Up 12.05.18
    By John Egan, Sparefoot
    Pensacola Mini Storage in Pensacola, FL, has changed hands. The buyer and seller, both LLCs, weren’t identified. The purchase price wasn’t disclosed. The facility, on 1.88 acres at 4422 W. Jackson St., Fla., features 281 units in 26,700 square feet. Michael Mele and Luke Elliott, both of Marcus & Millichap’s office in Tampa, FL, represented the buyer and seller.
  • The Mele Group Secures the Sale of Self-Storage Approved Land in San Antonio, Texas
    SAN ANTONIO, Texas, Dec. 4, 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 Regal Self Storage Development, a 255,697 square feet of land approved for self storage located at 12615 Judson Road in San Antonio, Texas, according to Craig R. Swanson, vice president/regional manager of the firm's San Antonio office.
  • The Mele Group of Marcus & Millichap Secures the Sale of a Pensacola Self-Storage Facility
    By Marcus & Millichap
    PENSACOLA, Fla., November 30, 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 Pensacola Mini Storage, a 26,700-square foot self-storage facility located in Pensacola, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office.