Andover Properties Acquires Barefoot Mini Storage In Micco, FL For $6.85M

Andover Properties, the operator of Storage King USA, has acquired Barefoot Mini Storage in Micco, FL. The self-storage property, located at 5655 Micco Road, spans 5.34 acres. The sale, facilitated by the CBRE Self Storage Advisory Group, attracted significant interest with 17 offers. The fully occupied property boasts 511 units spread over 51,091 square feet.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $6,850,000
• Address: 5655 Micco Road, Micco, FL
• Market: Micco
• Units: 511
• Price per Unit: $13,405
• Square Footage: 51,091
• Price per Square Foot: $134

Nick Waller from CBRE represented the private seller, while Andover Properties' Brian Cohen served as the buyer in this transaction.

With its attractive features and prime location, Barefoot Mini Storage in Micco, FL, caught the attention of numerous buyers. Andover Properties' acquisition of this fully occupied property showcases the strong demand for self-storage assets in the market.