Marcus & Millichap negotiated the sale of ASAP Storage Florida Portfolio, a three-property, 2,175-unit self-storage portfolio located in the cities of Sarasota, Fort Myers and Lehigh Acres, Fla.

The buyer, whose identity was not disclosed, purchased the buildings for $26.5 million from an unidentified seller.

Combined, the three properties total 254,602 rentable square feet, including a recently completed expansion of 23,740 rentable square feet and 183 units. The combined occupancy at the 25.2-acre portfolio was 94 percent at the time of sale.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Use code JULY4 at checkout & save $50 on your Connect Now Bundle!Get the deal×