Gaithersburg Self-Storage Facility Trades for $8.9M
GAITHERSBURG, MD, Feb. 16, 2017 – The Mele Storage Group of 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 Gaithersburg Storehouse, a 55,002-square-foot self-storage facility in Gaithersburg, MD, according to Bryn D. Merrey, senior vice president/division manager of the firm’s Mid-Atlantic and Southeastern offices. The asset sold for $8,899,900, $429,000 over its original list price.
The Mele Group Secures the Sale of Oklahoma City MSA Storage Portfolio
Trey Hammond and Michael A. Mele, investment specialists in Marcus & Millichap’s Tulsa and Tampa offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by Trey Hammond and Michael A. Mele.
The Mele Storage Group of Marcus & Millichap Arranges the Sale of a 404,637- NRSF Self-Storage Portfolio
OKLAHOMA CITY, OK, February 8, 2017 – 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 the U-Store All Portfolio, a 404,637-rentable square foot, self-storage portfolio located in the Oklahoma City, Oklahoma Metro Area, according to J. Michael Watson, regional manager of the firm’s Tulsa office.
Scottsdale Firm Purchases Land in Maryland for Self-Storage Facility
Scottsdale-based 1784 Capital Holdings LLC intends to develop a self-storage facility on 1.5 acres in Bethesda, Md. The company acquired the property at 5204 River Road, for $11 million. It will redevelop the site, which is occupied by a tenant, according to a press release.
Real Estate Roundup: Self-Storage Transactions January 2017
AA Accredited Storage in Clearwater, Fla., was sold to a private investor. The property at 14433 62nd St. N. comprises 16,419 rentable square feet. The seller was represented in the real estate transaction by Brian Baldwin, investment associate, Luke Elliott, vice president of investments, and Michael A. Mele, senior managing director of investments, in the Marcus & Millichap Tampa, Fla. office.