Press Releases
Marcus & Millichap Announces the Sale of We Stor of Middleburg, a Self-Storage Facility in Florida
February 14, 2024
MIDDLEBURG, Florida, February 14, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of We Stor of Middleburg, a 38,265-square-foot self-storage facility located in Middleburg, Florida.
Jonathan M. Fawley, Brett R. Hatcher, Gabriel Coe, and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust, limited liability company. Ryan Nee, Florida Broker of Record, assisted in closing this transaction.
"We were able to generate multiple list price offers during a very competitive marketing process,” said Jonathan M. Fawley, the lead agent involved. “This was a win-win for the seller and the buyer. The market is still going through some changes, and this is one that I am very proud to get over the finish line."
We Stor of Middleburg is located about 25 miles southwest of Jacksonville in Middleburg, Florida. The facility opened in 2000 and is situated on 3.09 acres of land. It currently features 334 non-climate-controlled drive-up self-storage units that make up 38,265 net rentable square feet. We Stor of Middleburg benefits from a strong location and has been able to maintain strong historical occupancy rates.
Jonathan M. Fawley, Brett R. Hatcher, Gabriel Coe, and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust, limited liability company. Ryan Nee, Florida Broker of Record, assisted in closing this transaction.
"We were able to generate multiple list price offers during a very competitive marketing process,” said Jonathan M. Fawley, the lead agent involved. “This was a win-win for the seller and the buyer. The market is still going through some changes, and this is one that I am very proud to get over the finish line."
We Stor of Middleburg is located about 25 miles southwest of Jacksonville in Middleburg, Florida. The facility opened in 2000 and is situated on 3.09 acres of land. It currently features 334 non-climate-controlled drive-up self-storage units that make up 38,265 net rentable square feet. We Stor of Middleburg benefits from a strong location and has been able to maintain strong historical occupancy rates.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
