NEW ORLEANS-A California-based REIT has purchased 117,155 square feet in a self-storage facility named Sure Save USA Self-Storage in New Orleans for an amount of $3.4 million. The sale of the property was announced by Marcus & Millichap Real Estate Investment Services.
Michael A. Mele, VP and Senior Director of Marcus & Millichap's National Self-Storage Group in Tampa had the listing to market the facility in the name of both the seller and the buyer. The facility comprises 736 units. For the full story, go to Florida Real Estate Journal.
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