{"id":1004416501,"date":"2020-04-14T03:58:56","date_gmt":"2020-04-14T11:58:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004416501"},"modified":"2025-02-28T00:07:16","modified_gmt":"2025-02-28T08:07:16","slug":"american-personal-storage-sells-miami-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/american-personal-storage-sells-miami-area-asset\/","title":{"rendered":"American Personal Storage Sells Miami-Area Asset"},"content":{"rendered":"<div id=\"attachment_1004416525\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1849-SW-South-Macedo-Blvd.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004416525\" data-attachment-id=\"1004416525\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/american-personal-storage-sells-miami-area-asset\/1849-sw-south-macedo-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1849-SW-South-Macedo-Blvd.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;0&quot;}\" data-image-title=\"1849 SW South Macedo Blvd\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1849 SW South Macedo Blvd. &lt;i&gt;Image courtesy of Cushman &#038; Wakefield&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1849-SW-South-Macedo-Blvd.jpg?w=800\" class=\"wp-image-1004416525 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1849-SW-South-Macedo-Blvd.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1849-SW-South-Macedo-Blvd.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1849-SW-South-Macedo-Blvd.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1849-SW-South-Macedo-Blvd.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004416525\" class=\"wp-caption-text\">1849 SW South Macedo Blvd. <i>Image courtesy of Cushman &amp; Wakefield<\/i><\/p><\/div>\n<p>American Personal Storage has sold a 602-unit, 69,219-square-foot self storage property in Port St. Lucie, Fla., to a joint venture between First Neck Self Storage and Snapbox Self Storage. The latter will operate and manage the facility. The buyer paid $7.2 million for the asset and received a one-year, $6 million acquisition loan from Citibank, according to public records. Cushman &amp; Wakefield assisted the seller in the transaction. At the time of closing, the property was 87 percent occupied.<\/p>\n<p>Located on 5 acres at 1849 SW South Macedo Blvd., the facility comprises nine buildings completed in 1986. The seller recently executed renovations at the property, which included a cosmetic upgrade, an improved lighting system and the addition of a boat\/RV parking area. The facility provides 256 climate-controlled and 294 non-climate-controlled units, ranging from 25 to 510 square feet. The property features drive-up access, security cameras, electronic gates and keypad locks.<\/p>\n<p>The Cushman &amp; Wakefield brokers involved in the deal included Vice Chairman Mike Mele and Executive Managing Director Luke Elliott. Earlier this month, a team that included Mele and Elliot <a href=\"https:\/\/www.commercialsearch.com\/news\/four-storage-group-sells-long-island-facility\/\">arranged the sale<\/a> of a 541-unit, 58,500-square-foot self storage facility in Long Island, N.Y., on behalf of Four Storage Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company sold the recently renovated 602-unit facility for more than $7 million, public records show.<\/p>\n","protected":false},"author":867,"featured_media":1004416525,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1492,21742],"tags":[33457,32799,32926,32927],"class_list":["post-1004416501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","tag-citibank","tag-cushman-wakefield","tag-luke-elliott","tag-michael-mele"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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