The Challenges:

Extensive deferred maintenance
Questionable location

The Results:

Michael Mele generated multiple offers from across the nation. The buyer was a private client in a 1031 exchange and his offer was $80,000 above the next highest offer.

After 82 days on the market, this facility closed on March 17, 2005 at 95% of the list price.

The Challenges:

The seller had already received a 'take it or leave it' offer of $8 million from a major self-storage REIT.

The Results:

Michael Mele and Marcus & Millichap generated eight higher offers; the highest at $8,950,000. The out-of-state buyer purchased the property all cash with no retrade on price.

The deal closed within 45 days despite numerous environmental issues.

The Challenges:

First-generation property with no climate controlled storage
Questionable demographics

The Results:

Michael Mele found an out-of-state buyer willing to pay 100% of the list price and close the deal quickly.

The Challenges:

This facility had just finished its latest expansion and was only 62% occupied.

The Results:

Michael Mele and Marcus & Millichap generated multiple offers from both private cllients and institutions. Through our in-depth financial analysis, the buyer was able to see that high occupancy in the market would lead to a quick lease up.

The deal closed in less than 45 days with no retrade on price.

“[Mike’s] extended efforts went above and beyond any reasonable expectation of service. All of our partners concur that [Mike’s] level of commitment and professionalism were outstanding.”
-Dwight Rose, General Partner, Storage Ventures LLC

“We recommend [Mike] to anyone who wants to market their property and [get] consistent service. We have been extremely satisfied with [your] professionalism…and I want to sincerely thank you for all the hard work you put into selling our businesses...you have been extremely informative.”
-Shirley L. Schuh, Investor

“I have bought and sold several properties, but never in my experience has the deal come about so quietly and so cleanly. I achieved all my goals and left with a feeling of complete satisfaction.”
-Thomas R. Seiter, Owner, Aaron’s Stor-All

"Marcus & Millichap's national marketing platform was able to generate multiple offers for our facility to ensure the highest price and the smoothest transaction."
-Sergio Socolsky, America's Capital

"I refer everyone to Mike and his team. Their system works. After listing with Mike, I received several offers, considerably higher than the unsolicited offers I previously received. Even after commission I was way ahead of the game."
-Greg Disbrow, Bay Equities, Inc.

"I've worked together with Mike and his team on many deals. Mike is an experienced professional who goes beyond the standard and works that extra mile for you. I trust him to handle even the most complex transactions. His understanding of the financial aspects of the transactions coupled with his market knowledge make the Mele Storage Group an excellent choice."
-Jack Giannola, Public Storage