{"id":1004293151,"date":"2019-01-22T02:07:28","date_gmt":"2019-01-22T10:07:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004293151"},"modified":"2019-01-22T02:07:28","modified_gmt":"2019-01-22T10:07:28","slug":"the-mele-group-brokers-sale-of-fl-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-fl-facility\/","title":{"rendered":"The Mele Group Brokers Sale of FL Facility"},"content":{"rendered":"<div id=\"attachment_1004293154\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004293154\" data-attachment-id=\"1004293154\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-fl-facility\/safe-and-sound\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Evelyn Jozsa&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1548079298&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=\"Safe and Sound Storage\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Safe and Sound Storage&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg?w=800\" class=\"wp-image-1004293154 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004293154\" class=\"wp-caption-text\">Safe and Sound Storage<\/p><\/div>\n<p>The Mele Group of Marcus &amp; Millichap has arranged the sale of Safe and Sound Storage, a 37,436-net-rentable-square-foot facility in Port St. Lucie, Fla. The firm worked on behalf of the seller, a private investor and secured the buyer, a limited liability company.<\/p>\n<p>Located at 3737 SE. Jennings Road, the facility is near Freeway 1, which provides exposure to more than 45,000 vehicles per day. Safe and Sound Storage, which comprises 746 units, is also close to Interstate 95 and is approximately 46 miles from West Palm Beach. Features of the asset include climate control and boat and RV parking spaces.<\/p>\n<p><em>&#8220;The national spotlight is on smaller secondary and tertiary markets when it comes to self storage sales,&#8221;<\/em> said Luke Elliott, first vice president investments at Marcus &amp; Millichap, in prepared remarks. <em>&#8220;As investors get priced out of major markets, we are seeing some cap rate compression in areas like this all over the country.&#8221;<\/em><\/p>\n<p>Marcus &amp; Millichap\u2019s brokerage team included Elliot and Executive Managing Director Micheal Mele from the firm\u2019s Tampa-based office. The team also arranged the <a href=\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-self-storage-center-portfolio\/\">sale of Self Storage Center Portfolio<\/a>, a 177,575-net-rentable-square-foot, three-property portfolio in Rhode Island.<\/p>\n<p><em>Photo via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &#038; Millichap\u2019s Tampa-based office arranged the sale of a 746-unit self storage facility in St. Lucie, Fla. The brokerage team represented the seller and secured the buyer<\/p>\n","protected":false},"author":871,"featured_media":1004293154,"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":[32926,34836,32927,36367],"class_list":["post-1004293151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","tag-luke-elliott","tag-marcus-millichap","tag-michael-mele","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 FL 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-fl-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 FL Facility\" \/>\n<meta property=\"og:description\" content=\"Marcus &amp; Millichap\u2019s Tampa-based office arranged the sale of a 746-unit self storage facility in St. Lucie, Fla. The brokerage team represented the seller and secured the buyer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-fl-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=\"2019-01-22T10:07:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.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-fl-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-fl-facility\/\",\"name\":\"The Mele Group Brokers Sale of FL 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-fl-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-fl-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg\",\"datePublished\":\"2019-01-22T10:07:28+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-fl-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-fl-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-fl-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Safe-and-Sound.jpg\",\"width\":800,\"height\":620,\"caption\":\"Safe and Sound Storage\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-mele-group-brokers-sale-of-fl-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 FL 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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