Self-Storage Facility in Gulfport, Fla., Sold for $1.1M

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The Storage House, a 23,400-square-foot self-storage facility in Gulfport, Fla., recently sold for $1.1 million. The facility was part of an operation that included facilities in Gulfport and Orlando, both of which are displayed together on StoreSafeSelfStorage.net.

Located at 1219 49th St. S., the facility sits on nearly 1 acre of land and was built in 2000. It consists of two single-story buildings with 183 units, 142 of which are climate controlled.

Michael A. Mele, a first vice president of investments and senior director of Marcus & Millichap’s National Self-Storage Group, and Adam Wides, a self-storage specialist, marketed the property on behalf of the seller, a limited-liability company. Mele and Wides also represented the buyer, a private investor.

Marcus & Millichap specializes in commercial real estate investments. The company has more than 1,200 investment professionals in offices nationwide.

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