{"id":1004236554,"date":"2018-06-20T07:20:57","date_gmt":"2018-06-20T15:20:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004236554"},"modified":"2022-12-07T19:29:44","modified_gmt":"2022-12-08T03:29:44","slug":"the-mele-group-brokers-sale-of-382-unit-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/","title":{"rendered":"The Mele Group Brokers Sale of 382-Unit Facility"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004236557\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004236557\" data-attachment-id=\"1004236557\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/security-storage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"Security Storage\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Security Storage&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg?w=800\" class=\"wp-image-1004236557 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg\" alt=\"Security Storage\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004236557\" class=\"wp-caption-text\">Security Storage<\/p><\/div>\n<p>The Mele Group of Marcus &amp; Millichap has arranged the sale of Security Storage, a facility comprising 88,338 square feet of storage space in Spring Hill, Fla. The brokerage team worked on behalf of the seller, a private investor, and secured the buyer, a limited liability company. The deal marks The Mele Group\u2019s 20<sup>th<\/sup> transaction during this year.<\/p>\n<p>Located at 3663 Commercial Way, the property is alongside Freeway 19, approximately 53 miles from Tampa. Around 81,000 people live within a five-mile radius, with an average income of about $41,000. The area offers 6.19-net-rentable-square-foot storage space per capita, Yardi Matrix data shows. Built in 1977, the facility comprises 382 units ranging in size from 60 to 288 square feet.<\/p>\n<p><em>\u201cWe worked with the owner to implement a strategy that would effectively showcase this 54-acre property and help buyers conceptually design a plan to renovate, expand and maximize the value of this opportunity,\u201d<\/em> said Brian Fulton, investment specialist at Marcus &amp; Millichap, in prepared remarks.<\/p>\n<p>Fulton arranged the sale of the property together with Michael Mele, Luke Elliott and Paul Bouldin, investment specialists. Last month, The Mele Group brokered the <a href=\"https:\/\/www.commercialsearch.com\/news\/phoenix-area-storage-facility-sells-for-7m\/\">sale of a 722-unit storage facility<\/a>&nbsp;located in Mesa, Ariz.&nbsp;<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &amp; Millichap\u2019s Tampa-based self-storage brokerage team arranged the sale of a storage property located in Spring Hill, Fla. The team worked on behalf of both the seller and the buyer in the deal. <\/p>\n","protected":false},"author":871,"featured_media":1004236557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,1612],"tags":[32926,34836,32927,40755,36367],"class_list":["post-1004236554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-tampa","tag-luke-elliott","tag-marcus-millichap","tag-michael-mele","tag-paul-bouldin","tag-the-mele-group"],"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>The Mele Group Brokers Sale of 382-Unit 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\/the-mele-group-brokers-sale-of-382-unit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Mele Group Brokers Sale of 382-Unit Facility\" \/>\n<meta property=\"og:description\" content=\"Marcus &amp; Millichap\u2019s Tampa-based self-storage brokerage team arranged the sale of a storage property located in Spring Hill, Fla. The team worked on behalf of both the seller and the buyer in the deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-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=\"2018-06-20T15:20:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T03:29:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\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\/the-mele-group-brokers-sale-of-382-unit-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/\",\"name\":\"The Mele Group Brokers Sale of 382-Unit Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg\",\"datePublished\":\"2018-06-20T15:20:57+00:00\",\"dateModified\":\"2022-12-08T03:29:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Security-Storage.jpg\",\"width\":800,\"height\":620,\"caption\":\"Security Storage\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-382-unit-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Mele Group Brokers Sale of 382-Unit 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\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"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\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. 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