PORT ST. LUCIE, FL | The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage group specializing in self-storage investment sales, announced today the sale of Public Storage (Managed), a 84,608-square-foot self-storage located in Port St. Lucie, Florida.
Ian Lindahl, Adam Schlosser, and Charles “Chico” LeClaire, storage investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller and developer, Atlanta-based Mequity Companies.
“This transaction further displayed the strength of the Florida self-storage market, despite the volatile economic markets which were moving rapidly during the marketing process,” said Lindahl. “This property is in a premier location in Port St. Lucie, located in a growth corridor in the same complex as a Publix Supermarket and other retail shops. It leased up to over 80 percent in just nine months, showing that it filled a real need for the market and that it is primed for success moving forward,” added Lindahl.
“This transaction further displayed the strength of the Florida self-storage market, despite the volatile economic markets which were moving rapidly during the marketing process. This property is in a premier location in Port St. Lucie, located in a growth corridor in the same complex as a Publix Supermarket and other retail shops. It leased up to over 80 percent in just nine months, showing that it filled a real need for the market and that it is primed for success moving forward.”
Public Storage (Managed) is located at 540 SE Becker Road in Port St. Lucie, Florida. This asset consists of one three-story building made up of 783 climate-controlled units, 33 non-climate controlled units, and 17 parking spaces, totaling 833 units. Ryan Nee, Marcus & Millichap’s broker of record in Florida, assisted in closing this transaction.
