{"id":1004144061,"date":"2016-05-17T00:40:45","date_gmt":"2016-05-17T08:40:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004144061"},"modified":"2025-02-18T04:58:15","modified_gmt":"2025-02-18T12:58:15","slug":"marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/","title":{"rendered":"Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities"},"content":{"rendered":"<p><em>By Adriana Pop, Senior Associate Editor <\/em><\/p>\n<p><strong>Tampa, Fla<\/strong>.\u2013<a href=\"https:\/\/www.marcusmillichap.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Marcus &amp; Millichap<\/a> has arranged the sale of a five-property, 2,725-unit <a href=\"https:\/\/www.commercialsearch.com\/news\/self-storage\/\" target=\"_blank\" rel=\"noopener\">self-storage portfolio<\/a> in the Southeast.<\/p>\n<p>\u201cThis group of properties, which had a combined physical occupancy at the time of the sale of approximately 87 percent, gives the new owner the opportunity to enjoy substantial cash-on-cash returns and the ability to add value,\u201d stated Michael Mele, a senior director of Marcus &amp; Millichap\u2019s <a href=\"https:\/\/www.melestoragegroup.com\/\" rel=\"nofollow noopener\" target=\"_blank\">National Self Storage Group<\/a> (NSSG).<\/p>\n<div id=\"attachment_1004144062\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004144062\" data-attachment-id=\"1004144062\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/luke-elliott-marcus-millichap\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png\" data-orig-size=\"800,760\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Luke Elliott, Marcus &#038; Millichap\" data-image-description=\"&lt;p&gt;Luke Elliott, Marcus &#038; Millichap&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Luke Elliott, Director, Marcus &#038; Millichap&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png?w=800\" loading=\"lazy\" class=\"wp-image-1004144062 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png\" alt=\"Luke Elliott, Marcus &amp; Millichap\" width=\"300\" height=\"285\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png?resize=300,285 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png?resize=768,730 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004144062\" class=\"wp-caption-text\">Luke Elliott, Director, Marcus &amp; Millichap<\/p><\/div>\n<p>Mele, along with Luke Elliott, an NSSG director, both in the firm\u2019s Tampa office, represented the seller and procured the buyer.<\/p>\n<p>The properties included in the portfolio are:<\/p>\n<ul>\n<li>Dawnadele Self Storage, a seven-building, 80,628-square-foot facility featuring 559 climate-controlled and non-climate-controlled storage units constructed in 1980 and 1985 in Baton Rouge, La.<\/li>\n<li>Harrells Ferry Self Storage, a five-building, 330-unit, 35,850-net-rentable-square-foot property built in 1980, renovated in 2009 and located in Baton Rouge, La.<\/li>\n<li>Slidell Self Storage, a 523-unit, 79,740-net-rentable-square-foot climate-controlled and non-climate-controlled facility featuring five buildings in Slidell, La.<\/li>\n<li>Gulfport Self Storage, an 11-building facility with 465 climate-controlled and non-climate-controlled units with two annex sites constructed in 1977, renovated in 1993 and located in Gulfport, Miss.<\/li>\n<li>Mobile Self Storage, a 13-building, 130,059-net-rentable-square-foot facility with 762 climate-controlled and non-climate-controlled units, 34 office\/retail spaces and an annex site, constructed in 1974, renovated in 1990, and located in Mobile, Ala.<\/li>\n<\/ul>\n<p>William Hoffpauir, a senior associate in Marcus &amp; Millichap\u2019s Lafayette, La. office is the firm\u2019s broker of record in Louisiana. In Mississippi, Marcus &amp; Millichap\u2019s broker of record is senior associate Anne Williams and in Alabama, the company\u2019s broker of record is Eddie Greenhalgh, a senior associate in the Birmingham office.<\/p>\n<p>Earlier this month, Marcus &amp; Millichap also arranged the sale of <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-self-storage-facilities-in-oklahoma\/\" target=\"_blank\" rel=\"noopener\">five self-storage facilities in Oklahoma<\/a>.<\/p>\n<p><em>Image courtesy of Marcus &amp; Millichap<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The properties, located in Louisiana and Alabama, offer a total of 2,725 self-storage units and have an approximately 87 percent occupancy rate. <\/p>\n","protected":false},"author":260,"featured_media":1004144062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742],"tags":[],"class_list":["post-1004144061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities\" \/>\n<meta property=\"og:description\" content=\"The properties, located in Louisiana and Alabama, offer a total of 2,725 self-storage units and have an approximately 87 percent occupancy rate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-17T08:40:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-18T12:58:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"760\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/\",\"name\":\"Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png\",\"datePublished\":\"2016-05-17T08:40:45+00:00\",\"dateModified\":\"2025-02-18T12:58:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png\",\"width\":800,\"height\":760,\"caption\":\"Luke Elliott, Director, Marcus & Millichap\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/","og_locale":"en_US","og_type":"article","og_title":"Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities","og_description":"The properties, located in Louisiana and Alabama, offer a total of 2,725 self-storage units and have an approximately 87 percent occupancy rate.","og_url":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-05-17T08:40:45+00:00","article_modified_time":"2025-02-18T12:58:15+00:00","og_image":[{"width":800,"height":760,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png","type":"image\/png"}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/","url":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/","name":"Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png","datePublished":"2016-05-17T08:40:45+00:00","dateModified":"2025-02-18T12:58:15+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png","width":800,"height":760,"caption":"Luke Elliott, Director, Marcus & Millichap"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-southeast-self-storage-facilities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Marcus &amp; Millichap Brokers Sale of Five Southeast Self-Storage Facilities"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Luke-Elliott-Marcus-Millichap.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004144061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004144061"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004144061\/revisions"}],"predecessor-version":[{"id":1004531573,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004144061\/revisions\/1004531573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004144062"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004144061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004144061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004144061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}