Sold! Weekly Self-Storage Acquisition Round Up 3.2.2016
Simply Self Storage purchased the 61,000-square-foot Surelock Self Storage facility at 7628 Narcoossee Road in Orlando, FL. The sellers were represented by Michael Mele and Luke Elliott of Marcus & Millichap.
Self-Storage Surges On High Demand
Once viewed as a bit of an outlier in the commercial real estate industry, self-storage has moved into the mainstream as an increasingly popular choice for both renters and investors. That demand has produced a spike in both investment sales and construction activity.
Marcus & Millichap Arranges the Sale of a 65,510-Square Foot Self-Storage Facility
LONGWOOD, FL, March 1, 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 All American Self Storage of Longwood, a 65,510-square foot self-storage facility located in Longwood, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.
Real Estate Roundup: Self-Storage Transactions February 2016
Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Following are additional acquisitions and sales that weren’t covered independently due to missing information such as buyer, seller, sale price or other relevant details.
As Appetite for Storage Acquisitions Grow, Will Sellers Show?
The self-storage investment sales market continues its hot streak as it enters 2016. The sector produced another strong year of sales into 2015, and the momentum continues to build.