TAMPA, FL—Self-storage properties are still a hot commodity in Florida. Quality Self Storage just sold for $4.4 million.
Michael A. Mele, a first vice president of investments in Marcus & Millichap‘s Tampa office represented the buyer, a limited liability company based in New York. He also represented the local seller.
Quality Self Storage is a 53,720-square foot self-storage facility located at 18524 US Highway 19 North in Clearwater, FL. The institutional quality property was built in 2001 in Pinellas County, the most densely populated county in the state.
“This is a great example of just how hot the self-storage market in Tampa is,” says Mele. “The property has generated a tremendous amount of interest.”
This stabilized self-storage asset has 478 units. Four hundred seven are climate controlled; 68 are non-climate controlled and three units are for outside parking.
Self-storage units range in size from 25 to 600 square feet and the property layout consists of five storage buildings with one manager’s office building. Amenities at this location include: digital surveillance, keypad entry, surround sound stereo system, drive-up units, roll-up doors, two freight elevators and a wide variety of unit sizes.