{"id":1004485426,"date":"2020-10-19T03:53:39","date_gmt":"2020-10-19T11:53:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004485426"},"modified":"2025-02-26T06:21:29","modified_gmt":"2025-02-26T14:21:29","slug":"southeast-florida-storage-asset-trades-for-14m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/","title":{"rendered":"Southeast Florida Storage Asset Trades for $14M"},"content":{"rendered":"<div id=\"attachment_1004485441\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004485441\" data-attachment-id=\"1004485441\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/safe-sound-palm-city\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.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=\"Safe &#038; Sound Palm City\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Safe &#038; Sound Palm City. &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\/10\/Safe-Sound-Palm-City.jpg?w=800\" class=\"wp-image-1004485441 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004485441\" class=\"wp-caption-text\">Safe &amp; Sound Palm City. <i>Image courtesy of Cushman &amp; Wakefield<\/i><\/p><\/div>\n<p>A joint venture between Merchants Retail Partners and a private investor has finalized the $14 million acquisition of Safe &amp; Sound Palm City, a self storage property spanning 78,521 rentable square feet in Palm City, Fla. The new owner funded the purchase with a $10.3 million loan from ServisFirst Bank. A private investor sold the facility, according to Martin County records.<\/p>\n<p>Located on 3 acres at 3501 SW Martin Downs Blvd., the property encompasses five buildings completed in 1994. The facility features 652 climate-controlled and 216 non-climate-controlled units ranging between 25 and 100 square feet. Safe &amp; Sound Palm City has drive-up access, 24\/7 video monitoring and a freight elevator. At the time of closing, the store had an occupancy rate of 94 percent.<\/p>\n<p>CubeSmart oversees property management at the location. Situated within 4 miles of Interstate 95, the facility is 11 miles south of downtown Port St. Lucie, Fla. There are at least seven other self storage properties within a 5-mile radius.<\/p>\n<p>Cushman &amp; Wakefield Vice Chairman Mike Mele and Executive Managing Director Luke Elliott negotiated on behalf of the seller. Earlier this month, the duo <a href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-brokers-north-carolina-storage-sale\/\">closed the $6.9 million sale<\/a> of a 63,550-square-foot self storage facility in Wilmington, N.C. Reliant Real Estate Management received a $5.3 million loan from F&amp;M Bank for the purchase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ServisFirst Bank originated a $10.3 million loan for the purchase of the 78,521-square-foot property.<\/p>\n","protected":false},"author":867,"featured_media":1004485441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742],"tags":[35721,32799,32926,49432],"class_list":["post-1004485426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","tag-cubesmart","tag-cushman-wakefield","tag-luke-elliott","tag-mike-mele"],"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>Southeast Florida Storage Asset Trades for $14M - 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\/southeast-florida-storage-asset-trades-for-14m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southeast Florida Storage Asset Trades for $14M\" \/>\n<meta property=\"og:description\" content=\"ServisFirst Bank originated a $10.3 million loan for the purchase of the 78,521-square-foot property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/\" \/>\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=\"2020-10-19T11:53:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T14:21:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.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=\"Pavel Cazacu\" \/>\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\/southeast-florida-storage-asset-trades-for-14m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/\",\"name\":\"Southeast Florida Storage Asset Trades for $14M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg\",\"datePublished\":\"2020-10-19T11:53:39+00:00\",\"dateModified\":\"2025-02-26T14:21:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg\",\"width\":800,\"height\":620,\"caption\":\"Safe & Sound Palm City. Image courtesy of Cushman & Wakefield\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Southeast Florida Storage Asset Trades for $14M\"}]},{\"@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\/caac04e9f88552f7c898ba456c2498d8\",\"name\":\"Pavel Cazacu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"caption\":\"Pavel Cazacu\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Southeast Florida Storage Asset Trades for $14M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/","og_locale":"en_US","og_type":"article","og_title":"Southeast Florida Storage Asset Trades for $14M","og_description":"ServisFirst Bank originated a $10.3 million loan for the purchase of the 78,521-square-foot property.","og_url":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-10-19T11:53:39+00:00","article_modified_time":"2025-02-26T14:21:29+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg","type":"image\/jpeg"}],"author":"Pavel Cazacu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/","url":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/","name":"Southeast Florida Storage Asset Trades for $14M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg","datePublished":"2020-10-19T11:53:39+00:00","dateModified":"2025-02-26T14:21:29+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg","width":800,"height":620,"caption":"Safe & Sound Palm City. Image courtesy of Cushman & Wakefield"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/southeast-florida-storage-asset-trades-for-14m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Southeast Florida Storage Asset Trades for $14M"}]},{"@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\/caac04e9f88552f7c898ba456c2498d8","name":"Pavel Cazacu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","caption":"Pavel Cazacu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Safe-Sound-Palm-City.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004485426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/867"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004485426"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004485426\/revisions"}],"predecessor-version":[{"id":1004485558,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004485426\/revisions\/1004485558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004485441"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004485426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004485426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004485426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}