Charlotte County Self Storage in FL Sold for $625K

Charlotte County Self Storage in Port Charlotte, Fla., recently sold for $625,000, or $26.71 per net rentable square foot to a limited liability company.

Charlotte County Self Storage in Port Charlotte, Fla., recently sold for $625,000, or $26.71 per net rentable square foot to a limited liability company.

Built around 1996, the 23,400- square-foot facility is located at 4201 Whidden Blvd. It includes 305 self-storage units, of which 43 are RV- and boat-parking spaces. The units range from 25 to 250 square feet. The two-story facility features units with climate controlled or without. Amenities include drive-up units, security cameras, computerized gate entrance, roll-up doors, a manager's office and an onsite apartment.

Michael A. Mele, first vice president investments and senior director of the National Self-Storage Group, and Adam Wides, associate in the Tampa office of Marcus & Millichap Real Estate Investment Services, represented the buyer and the seller, a Florida private investor.

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