Press Releases
Marcus & Millichap Facilitates Sale of a Self-Storage Development Site in Florida
August 19, 2024
BOYNTON BEACH, Fla., August 19, 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 9905 Acme Dairy Road, a self-storage development site located in Boynton Beach, Florida. The property sold for $6 million, including zoning and permits for a 130,000 square foot building, space for RV parking, and parcel and MUPD site work.
“We look forward to breaking ground on this Self-Storage facility in Boynton Beach within the next three months, addressing a currently underserved area,” said Ben Leach, president and founder of Shadowbrook Development. “This state-of-the-art Class A facility marks another successful collaboration with Sean Delaney and Jeff Herrmann, whose team made the process seamless.”
Herrmann and Delaney, investment specialists in Marcus & Millichap’s Self-Storage Division, had the exclusive listing to market the property on behalf of the seller, a Florida limited liability company, and procured the buyer, Shadowbrook Development, LLC. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.
The property is situated on 3.09 acres just off Boynton Beach Boulevard. The proposed self-storage asset is to consist of 575 units and 42 uncovered parking spaces across 77,475 rentable square feet. Nearby national retailers include Chick-fil-A, Publix, ABC Fine Wine & Spirits, Starbucks and Wawa.
“We look forward to breaking ground on this Self-Storage facility in Boynton Beach within the next three months, addressing a currently underserved area,” said Ben Leach, president and founder of Shadowbrook Development. “This state-of-the-art Class A facility marks another successful collaboration with Sean Delaney and Jeff Herrmann, whose team made the process seamless.”
Herrmann and Delaney, investment specialists in Marcus & Millichap’s Self-Storage Division, had the exclusive listing to market the property on behalf of the seller, a Florida limited liability company, and procured the buyer, Shadowbrook Development, LLC. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.
The property is situated on 3.09 acres just off Boynton Beach Boulevard. The proposed self-storage asset is to consist of 575 units and 42 uncovered parking spaces across 77,475 rentable square feet. Nearby national retailers include Chick-fil-A, Publix, ABC Fine Wine & Spirits, Starbucks and Wawa.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
