Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Secured Mini Storage & Stow Away RV/Boat Storage, a 731-unit self storage portfolio of three facilities in Ocean Springs and Gulfport, MS.
Sold for $6,400,000 at a 7.22% cap rate, the property consists of two self storage facilites with 99,100 square feet combined and one boat/RV facility with 33,600 square feet which was built in 2016. The portfolio offers an additional 3.8 acres for expansion.
About Marcus & Millichap (NYSE: MMI)
With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: MarcusMillichap.com