News

  • Marcus & Millichap Announces Sale of $11 Million Storage Asset
    By Marcus & Millichap
    PALM BAY, Fla., August 4, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, is pleased to announce the sale of a seven-building self-storage asset, Additional Storage of Palm Bay, located west of Interstate 95 on the highly traveled Malabar Road. The sales price was $11 million for the 122,690 net-rentable-square-foot property.
  • Marcus & Millichap Arranges the Sale of 54,450 Square Foot Self-Storage
    By Marcus & Millichap
    ROANOKE, VA, August 3, 2015 – 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 Berkley Self Storage, a 54,350 net rentable sq. ft. self-storage located in Roanoke, VA, according to Bryn D. Merrey, regional manager of the firm’s Washington, D.C. office. The asset sold for $2,550,000, which represented 98% of the list price.
  • Self-Storage Sells at Record Price
    By Jennifer LeClaire
    FORT LAUDERDALE, FL—Call it a record breaking price for South Florida self-storage. Emerald Hills Extra Closet Self Storage, a 128,797-net-rentable-square-foot, 1,970-unit self-storage facility in Hollywood, FL, just sold.
  • Record Breaking Price for South Florida Self-Storage Facility
    By Marcus & Millichap
    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 Emerald Hills Extra Closet Self Storage, a 128,797-net-rentable-square-foot, 1,970-unit self-storage facility in Hollywood, Fla. The $18,825,000 sales price equates to $146 per square foot. Michael Mele, senior vice president investments, and Luke Elliott, associate, both in Marcus & Millichap’s Tampa office, represented the seller and procured the buyer.
  • Acquiring Self-Storage Facilities: How to Be a Better Buyer and Close the Deal
    By Inside Self Storage
    If you’re looking to buy a self-storage facility, there are some things you can do to ensure the best possible outcome, particularly if a property has multiple bids. Here’s how to be a better buyer and close the deal.