{"id":1004159512,"date":"2016-11-18T09:05:28","date_gmt":"2016-11-18T17:05:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004159512"},"modified":"2020-05-11T02:50:18","modified_gmt":"2020-05-11T10:50:18","slug":"riviera-beach-storage-draws-out-of-state-buyer","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/riviera-beach-storage-draws-out-of-state-buyer\/","title":{"rendered":"Riviera Beach Storage Draws Out-of-State Buyer"},"content":{"rendered":"<p><em>By Adriana Pop<\/em><\/p>\n<p><strong>Riviera Beach, Fla.<\/strong>\u2014<a href=\"https:\/\/www.melestoragegroup.com\/\" rel=\"nofollow\" target=\"_blank\">The Mele Storage Group<\/a> of Marcus &amp; Millichap has arranged the sale of a 491-unit <a href=\"https:\/\/www.commercialsearch.com\/news\/self-storage\/\" target=\"_blank\">self-storage facility<\/a> in Riviera Beach. The announcement came from Ari Ravi, regional manager of the firm\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/tampa\/\" target=\"_blank\">Tampa<\/a> office.<\/p>\n<div id=\"attachment_1004159513\" style=\"width: 295px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/541288.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004159513\" data-attachment-id=\"1004159513\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/riviera-beach-storage-draws-out-of-state-buyer\/attachment\/541288\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/541288.jpg\" data-orig-size=\"750,600\" 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=\"541288\" data-image-description=\"&lt;p&gt;3895 Westroads Drive, Riviera Beach, Fla. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;3895 Westroads Drive, Riviera Beach, Fla. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/541288.jpg?w=750\" class=\"wp-image-1004159513\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/541288.jpg\" alt=\"3895 Westroads Drive, Riviera Beach, Fla. \" width=\"285\" height=\"228\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/541288.jpg 750w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/541288.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 285px) 100vw, 285px\" \/><\/a><p id=\"caption-attachment-1004159513\" class=\"wp-caption-text\">3895 Westroads Drive, Riviera Beach, Fla.<\/p><\/div>\n<p>Brian Baldwin, investment associate, Luke Elliott, associate vice president investments, and Michael Mele, senior vice president investments, all in Marcus &amp; Millichap\u2019s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. Baldwin, Elliott and Mele also secured and represented the buyer.<\/p>\n<p>West Palm Beach Self Storage offers 40,665 net rentable square feet. Located at 3895 Westroads Drive, the three-building property comprises 66 climate-controlled units and 394 non-climate-controlled units, ranging in size from 25 to 480 square feet, as well as 31 boat and RV parking spaces. The facility, conveniently situated near Interstate 95, sits on approximately 3.1 acres. The site is fully secured by a perimeter fence with electronic gate access and monitored by video surveillance.<\/p>\n<p>\u201cThis opportunity attracted interest from investors across the spectrum, both with cash and bank financing terms, and an out-of-state buyer was eventually selected,\u201d Elliott said in prepared remarks.<\/p>\n<p>Image courtesy of <em><a href=\"https:\/\/matrix.pi-ei.com\/home\" rel=\"nofollow\" target=\"_blank\">Yardi Matrix<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &#038; Millichap has closed on the sale of West Palm Beach Self Storage, a 491-unit facility in Riviera Beach, Fla. <\/p>\n","protected":false},"author":260,"featured_media":1004159513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1492,21742],"tags":[],"class_list":["post-1004159512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-miami","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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