Quality Self Storage, a 53,720-square-foot facility in Clearwater, Fla., sold to a New York-based limited liability company for $4.4 million. According to an article in the “Tampa Bay Business Journal,” the property has an assessed market value of $2.6 million. Built in 2001, the facility at 18524 U.S. Highway 19 N. features five buildings and a manager’s office. It has 407 climate-controlled self-storage units, 68 that are not climate-controlled, and three units for outside parking.
Facility amenities include digital video surveillance, keypad entry, drive-up units, roll-up doors, two freight elevators, and a variety of unit sizes ranging from 25 square feet to 600 square feet. The facility is in Pinellas County, considered the most densely populated county in Florida.
Michael A. Mele, a first vice president of investments at Marcus & Millichap Real Estate Investment Service’s Tampa, Fla., office represented the buyer and the local seller.
Marcus & Millichap has more than 1,000 investment professionals in offices nationwide and closed more than 6,100 transactions last year.