Marcus & Millichap Arranges FL Storage Sale

The firm’s Columbus office brokered the sale of a 547-unit self storage facility located in Jacksonville, Fla., roughly 7 miles from the city’s downtown.
Southpoint Self Storage. Image courtesy of Yardi Matrix

Acorn Property Holdings has sold Southpoint Self Storage, a 98,163-square-foot facility in Jacksonville, Fla. Marcus & Millichap’s Columbus office arranged the sale on behalf of the seller and secured the buyer, a limited liability company. Extra Space Storage is the manager of the asset, according to Yardi Matrix data.

The storage facility is located at 6611 Southpoint Parkway near Interstate 95, approximately 7 miles from downtown Jacksonville. The asset is also situated close to residential areas; there are approximately 13,000 units completed or under construction within a 3-mile radius, Yardi Matrix data shows.

Built in 1987, the facility comprises 547 climate-controlled units and 81 boat and RV storage spaces, ranging from 25 to 800 square feet. The storage asset is gated and features drive-up access, six office suites and security cameras. Additional services provided include on-site management and 24-hour access.

Marcus & Millichap’s brokerage team included Investment Specialists Brett Hatcher, Gabriel Coe and Nathan Coe and Regional Manager Ryan Nee. In February, the firm’s Forth Worth-based office arranged the sale of Payless Storage, an 87,600-square-foot facility in Texarkana, Texas.