{"id":1004457154,"date":"2020-06-18T05:09:56","date_gmt":"2020-06-18T13:09:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004457154"},"modified":"2025-02-27T01:08:10","modified_gmt":"2025-02-27T09:08:10","slug":"cbre-arranges-sale-of-miami-storage-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-miami-storage-asset\/","title":{"rendered":"CBRE Arranges Sale of Miami Storage Asset"},"content":{"rendered":"<div id=\"attachment_1004457157\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/A-Storage-Place.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004457157\" data-attachment-id=\"1004457157\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-miami-storage-asset\/a-storage-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/A-Storage-Place.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=\"A Storage Place\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;A Storage Place. &lt;i&gt;Image via Google Maps &lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/A-Storage-Place.jpg?w=800\" class=\"wp-image-1004457157 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/A-Storage-Place.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/A-Storage-Place.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/A-Storage-Place.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/A-Storage-Place.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004457157\" class=\"wp-caption-text\">A Storage Place. <i>Image via Google Maps <\/i><\/p><\/div>\n<p>CBRE has completed the $4.9 million sale of A Storage Place, a 56,000-square-foot property in Medley, Fla. Senior Vice Presidents Tom O\u2019Loughlin and Larry Genet and Senior Associate Jake Zebede represented both the seller and buyer, two private investors.<\/p>\n<p>The new owner financed the purchase with a $3.9 million acquisition loan from Innovation Enterprises USA Inc, according to Miami-Dade County records. Additionally, the buyer received a $909,249 seller carry-back loan.<\/p>\n<p>Located on 3 acres at 7450 NW 74th Ave., the property encompasses five single-story buildings completed in 1973. The units, some of which are climate-controlled, range in size from 20 to 200 square feet. The facility features an on-site manager, drive-up access, security cameras and provides truck rentals. Situated close to the Palmetto and Hialeah expressways, the property is 6 miles from Miami International Airport. There are at least six other self storage facilities within a 2-mile radius.<\/p>\n<p>Earlier this month, a partnership between EverWest Real Estate Investors and TRX Investments hired CBRE <a href=\"https:\/\/www.commercialsearch.com\/news\/jv-taps-cbre-to-lease-miami-area-industrial-park\/\">to lead the leasing efforts<\/a> at North Doral Park, a 190,000-square-foot industrial property that is currently under construction.<\/p>\n<div><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em> or send your deal to <\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tom O\u2019Loughlin, Larry Genet and Jake Zebede assisted both parties in the transaction.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"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":[32789,33757],"class_list":["post-1004457154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","tag-cbre","tag-larry-genet"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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