MIAMI—Self-storage sales are few and farbetween in Miami—and self-storage development site sales even morerare. But a recent sale indicates new self-storage facility willsoon rise from Miami dirt.
Marcus & Millichap just brokered the saleof North Miami Land Development, a 57,997-square-foot plot of landlocated at 640-685 NW 133rd Street in North Miami. The asset soldfor $1.125 million.
Michael A. Mele, a first vice presidentinvestments and Luke Elliott, associate in the firm's Tampa office,represented the seller. Sean M. Delaney, a vice presidentinvestments in the firm's Chicago Oak Brook office, represented thebuyer, Banner Storage Group.
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