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

Property Image
SOLD
$6,850,000
NW
Brian Cohen

Florida

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Self Storage51,091 SF
Sold 11/08/2023
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Property Image
SOLD

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

5655 Micco Road

See Similar Deals
Self Storage51,091 SF
Sold 11/08/2023
NW
Brian Cohen
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$134
Total Square Footage:51,091 SF
Transaction Type:Sale

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.

Players

NW
CBRE
Nick Waller
1 deal$6.9M volume
BROKER
Brian Cohen
Andover Properties
Brian Cohen
9 deals$150.6M volume
BUYER

Details

SOLD
IMAGE: Brian Cohen DATE: 11/08/2023 ADDRESS: 5655 Micco Road MARKET: Micco ASSET TYPE: Self Storage ~ ACRES: 5.34 BUYER: Andover Properties - Brian Cohen BROKER: Nick Waller - CBRE (@CBRE) SALE PRICE: $6,850,000 UNITS: 511 ~ PPU: $13,405 SF: 51,091 ~ PPSF: $134 NOTE: Storage King USA's operator, Andover Properties, bought Barefoot Mini Storage in Micco, FL, for $6.85 million. The CBRE Self Storage Advisory Group, representing the private seller, attracted 17 offers for the fully occupied property featuring 511 units over 51,091 sq ft.

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