Record Breaking Price for South Florida Self-Storage Facility
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
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.
Marcus & Millichap Arranges the Sale of a Self-Storage Facility in Chicago MSA
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 Next Door Storage, a 58,100 square foot self-storage located in Crystal Lake, IL, according to Steven D. Weinstock, First Vice President / Regional Manager of the firm’s Chicago Oak Brook office.
Investors Gird for Storage Wars
A new bidding war is breaking out in real estate. The targets of attention aren’t luxury properties or waterfront land, but something far less fashionable: self-storage warehouses.
Extra Space To Buy SmartStop Self Storage
SmartStop Self Storage, Inc. said Monday that it has agreed to be bought by Extra Space Storage Inc. (EXR) for a total purchase price of $1.4 billion.