Sold! MV Investment sells newly built facility in Florida

Bruce Goldberg
Published March 27, 2023

MV Investment sold a newly constructed climate-controlled self-storage facility at 807 High School Road in Tallahassee, FL. The buyer was not named. The facility has 882 units spread across 118,500 square feet and is near Florida State University. It has ground-level access from the first and second floors thanks to an incline on the site. Construction of the facility began in February 2022 and finished this month.

807 High School Road in Tallahassee, FL

Five Star Storage bought A+ RV and Mini Storage in Billings, MT, which has more than 600 units and parking spaces combined. It is Five Star’s first storage facility in Montana. FSS has 33 locations in four states: North Dakota, South Dakota, Minnesota and Montana.

Five Star Storage – Billings, MT

Marcus & Millichap

Marcus & Millichap Real Estate Investment Services of Seattle, Inc. announced the sale of Hanover Self Storage, a 32,150-square-foot self-storage facility in Hanover, PA. Gabriel Coe, Brett R. Hatcher and Nathan Coe had the listing. Sean Beuche, Pennsylvania broker of record, helped close the transaction. The seller is an LLC. The property was sold as part of a 12-property portfolio.

Marcus & Millichap announced the $1.5 million sale of Eldon Self Storage at 1200 E. North St. in Eldon, MO. Sean Delaney, senior managing director investments, and Robert Cook, associate, investment specialists in the company’s Chicago Oak Brook office, had the listing and found the buyer. David Saverin, Missouri broker of record, helped close the transaction. The seller and the buyer are Missouri-based LLCs.

Marcus & Millichap Real Estate Investment Services of North Carolina Inc. announced the sale of Powells Point Self Storage in Powells Point, NC. Gabriel CoeBrett R. Hatcher and Nathan Coe had the listing. Ben Yelm, North Carolina broker of record, helped close the transaction. The seller is an LLC. The facility has 22,100 square feet spread across 148 drive-up units and 42 outdoor parking spaces. Built in 2004, it’s located on the east coast of North Carolina.

Marcus & Millichap arranged the sale of Cameron U Store M, a 179-unit self-storage facility on 2.4 acres at 2001 W. 4th St. in Cameron, TX. Arol Horkavy and Jon Danklefs had the listing and also found the buyer. The seller and buyer both are LLCs.

Bruce Goldberg

Bruce Goldberg is a freelance writer and editor based in Denver. He worked in newspapers and magazines as both a business writer/editor and sportswriter/editor for 35 years.

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