News

  • Three-Property, Self-Storage Portfolio in Atlanta Area Sold by Marcus & Millichap
    By Marcus & Millichap
    ATLANTA, April 19, 2016 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of a three-property, 216,000 square foot, 1,773-unit self-storage portfolio in the Atlanta MSA.
  • 2,000-Unit, Self-Storage Portfolio Sale Arranged by the Mele Group of Marcus & Millichap
    By Marcus & Millichap
    NEW YORK, April 18, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of a two-property self-storage portfolio located in Port Chester, New York and New Haven, Connecticut. The portfolio sold for a total of $25 million, or more than $218 per square foot.
  • Tampa Area Self Storage Portfolio Sold for $47.9M: Northeast REITs Trade 2,300 Units
    By Justin Sumner, CoStar
    A New York-based real estate investment trust has sold a portfolio of three self-storage facilities located in the Tampa - St. Petersburg - Clearwater MSA to a Pennsylvania-based REIT for $47.93 million, or an average $21,000 per unit. Michael Mele and Luke Elliott with Marcus & Millichap (NYSE: MMI) represented the seller and procured the buyer in the sale.
  • Marcus & Millichap Arranges the Sale of a 29,370-Square Foot Self-Storage Facility
    By Marcus & Millichap
    OAKBROOK TERRACE, IL, April 14, 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 Antioch Storage, a 29,370-square foot self-storage facility with vacant land for potential expansion located in Antioch, IL, according to Steven D. Weinstock, first vice president / regional manager / managing broker of the firm's Chicago Oak Brook office.
  • Self-Storage Property Portfolio Sold for $18.5M
    By BizJournals
    A local, three-property portfolio of self storage units and office space recently sold for more than $18 million. According to a press release, Michael Mele, a senior vice president of investments in Marcus & Millichap’s Tampa office, and Eddie Greenhalgh, a senior associate in Marcus & Millichap’s Birmingham office, brokered the sale for $18.5 million. The sale consisted of 1,782 self storage units as well as more than 30 office suites.