Carl Gentile & David Heil Of State Storage Group Purchase Self Storage In Clearwater For $3.325M

The transaction involved a self-storage property located at 2166 Drew Street in Clearwater, which sold for $3,325,000. The asset encompasses a total square footage of 25,555 and reflects a price per square foot of $130.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $3,325,000
• Buyer: Carl Gentile & David Heil - State Storage Group
• Seller: Dawn Pasqualone - Pasqualone Properties
• Seller's Representatives: David Perlleshi & Frank DeSalvo - Franklin Street; Luke Elliott & Michael Mele - Cushman & Wakefield

This transaction underscores the active investor demand for self-storage facilities in the Tampa Bay MSA, particularly highlighting Clearwater as a desired market. The property had been operated by a mom and pop ownership for over two decades. The successful execution of this sale, occurring from launch to contract within a week, illustrates the effectiveness of real-time investor intelligence and precise pricing strategies utilized by the representatives involved.