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Marcus & Millichap Closes Five-Property Vehicle Storage Portfolio Sale

By Angela Noote

Marcus & Millichap has announced the sale of a 1,499-unit, five-property Cuzin’s Vehicle Storage portfolio located in Bonita Springs, Fort Myers, Largo and Sarasota, Fla.

Perlmuter and Marcus & Millichap’s Nathan Coe, Gabriel Coe and Brett Hatcher represented the seller, and procured the buyer, Macritchie Inc. Ryan Nee, senior vice president and division manager, is Marcus & Millichap’s broker of record in Florida. 

The properties all have gated entry, 24-hour video surveillance, on-site managers, and offices. The Bonita Springs location has 155 covered parking spaces and three covered parking structures. There are two properties in Fort Myers, one on 10 acres with seven covered parking structures and 350 spaces. The second Fort Myers property is composed of two facilities, one with 163 covered parking spaces and one with 79 uncovered parking spaces. The nine-acre location in Largo has 421 parking spaces and nine covered structures. The property in Sarasota is a 330-space, seven-structure asset.

 

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