Merit Hill Capital Acquires Self Storage In Pembroke Pines For $17M

Located in Pembroke Pines, the self storage property at 400 Northwest 172nd Avenue was recently sold in a closed transaction. Spanning across 5.6 acres, this property offers ample space for storage needs. The deal took place on December 15, 2022, with the transaction led by Elizabeth Schlesinger of Merit Hill Capital representing the buyer. Collum Management, represented by Richard Collum, acted as the seller in this transaction. The property was financed by Citibank.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $17,000,000
• Address: 400 Northwest 172nd Avenue
• Market: Pembroke Pines
• Acres: 5.6

Elizabeth Schlesinger of Merit Hill Capital played a key role as the buyer's representative in this deal. On the other hand, Richard Collum from Collum Management represented the seller. Overall, this closed transaction involved a total of 326 units, resulting in a per unit price of $52,147.