Marcus & Millichap arranges sale of citrus springs mini storage for $525,000

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Citrus Springs Mini Storage, a 20,000 square foot self-storage facility located in Citrus Springs, Florida, according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office. The asset commanded a sales price of $525,000. Adam Wides, a self-storage specialist in Marcus & Millichap’s Tampa office had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a limited liability company, was also secured and represented by Wides. Citrus Springs Mini Storage is located at 7465 North Florida Avenue.  The property was built in 1997 and is situated on approximately 2.73 acres of land.  This investment has 211 self-storage units, of which 43 are RV and boat parking spaces.  Amenities include; security cameras, alarm system, gated entrance and roll-up doors. About Marcus & Millichap With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.]]>