{"id":1004154101,"date":"2016-10-04T06:22:23","date_gmt":"2016-10-04T14:22:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004154101"},"modified":"2021-05-14T21:27:58","modified_gmt":"2021-05-15T05:27:58","slug":"southern-self-storage-buys-north-port-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/","title":{"rendered":"Southern Self Storage Buys North Port Facility"},"content":{"rendered":"<p><em>By Adriana Pop<\/em><\/p>\n<p><strong>North Port, Fla.<\/strong>\u2014In a $9.6 million deal, <a href=\"https:\/\/www.southernselfstorage.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Southern Self Storage<\/a> has acquired Patriot Self Storage of Bobcat Trail, an 818-unit <a href=\"https:\/\/www.commercialsearch.com\/news\/self-storage\/\" target=\"_blank\" rel=\"noopener\">self-storage facility<\/a> in North Port.<\/p>\n<div id=\"attachment_1004154102\" style=\"width: 291px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004154102\" data-attachment-id=\"1004154102\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/mm-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png\" data-orig-size=\"890,500\" 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=\"mm\" data-image-description=\"&lt;p&gt;Patriot Self Storage of Bobcat Trail &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;2245 Bobcat Village Center Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png?w=890\" loading=\"lazy\" class=\"wp-image-1004154102\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png\" alt=\"Patriot Self Storage of Bobcat Trail \" width=\"281\" height=\"158\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png 890w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png?resize=768,431 768w\" sizes=\"auto, (max-width: 281px) 100vw, 281px\" \/><\/a><p id=\"caption-attachment-1004154102\" class=\"wp-caption-text\">2245 Bobcat Village Center Road, North Port, Fla.<\/p><\/div>\n<p>The company paid $7.6 million for the storage center, which sits on 7.5 acres at 2245 Bobcat Village Center Road, and an additional $2 million for the business and goodwill, the <em><a href=\"https:\/\/www.heraldtribune.com\/news\/20160927\/storage-complex-in-north-port-sells-for-96-million\" target=\"_blank\" rel=\"nofollow noopener\">Herald-Tribune<\/a><\/em> reported.<\/p>\n<p>The sale was arranged by <a href=\"https:\/\/www.marcusmillichap.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Marcus &amp; Millichap<\/a>. SVP of Intestments Michael Mele Associate VP of Investments Luke Elliott, both with the firm\u2019s Tampa office, had the exclusive listing to market the property on behalf of the seller, an affiliate of <a href=\"https:\/\/passco.com\/\" target=\"_blank\" rel=\"nofollow noopener\">PASSCO Cos<\/a>. The team also secured and represented the buyer.<\/p>\n<p>&#8220;This was a Class A asset in a tertiary market that the developers had done a phenomenal job with. The buyer pool encompassed regional and national groups,&#8221; Elliott said in prepared remarks.<\/p>\n<p>Built in 2009, Patriot Self Storage of Bobcat Trail, now called Southern Self Storage, totals 83,400 rentable square feet and 103,990 gross square feet. The facility is situated near Interstate 75, in a dense residential area with many national retailers in the vicinity. The North Port-Sarasota-Bradenton metropolitan statistical area is currently experiencing one of the highest domestic migration growth rates in the country. North Port comprises the highest land mass and population in the MSA.<\/p>\n<p>Southern Self Storage operates five other storage facilities in Florida and one in Georgia.<\/p>\n<p><em>Image courtesy of Marcus &amp; Millichap<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The asset encompasses 818 units across 83,400 rentable square feet. <\/p>\n","protected":false},"author":260,"featured_media":1004154102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742],"tags":[],"class_list":["post-1004154101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","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>Southern Self Storage Buys North Port Facility - 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\/southern-self-storage-buys-north-port-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southern Self Storage Buys North Port Facility\" \/>\n<meta property=\"og:description\" content=\"The asset encompasses 818 units across 83,400 rentable square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/\" \/>\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=\"2016-10-04T14:22:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T05:27:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\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\/southern-self-storage-buys-north-port-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/\",\"name\":\"Southern Self Storage Buys North Port Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png\",\"datePublished\":\"2016-10-04T14:22:23+00:00\",\"dateModified\":\"2021-05-15T05:27:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png\",\"width\":890,\"height\":500,\"caption\":\"2245 Bobcat Village Center Road\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Southern Self Storage Buys North Port Facility\"}]},{\"@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":"Southern Self Storage Buys North Port Facility - 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\/southern-self-storage-buys-north-port-facility\/","og_locale":"en_US","og_type":"article","og_title":"Southern Self Storage Buys North Port Facility","og_description":"The asset encompasses 818 units across 83,400 rentable square feet.","og_url":"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-10-04T14:22:23+00:00","article_modified_time":"2021-05-15T05:27:58+00:00","og_image":[{"width":890,"height":500,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.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\/southern-self-storage-buys-north-port-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/","name":"Southern Self Storage Buys North Port Facility - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png","datePublished":"2016-10-04T14:22:23+00:00","dateModified":"2021-05-15T05:27:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/mm.png","width":890,"height":500,"caption":"2245 Bobcat Village Center Road"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/southern-self-storage-buys-north-port-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Southern Self Storage Buys North Port Facility"}]},{"@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\/09\/mm.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004154101","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=1004154101"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004154101\/revisions"}],"predecessor-version":[{"id":1004531684,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004154101\/revisions\/1004531684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004154102"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004154101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004154101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004154101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}