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

Property Image
SOLD
$3,325,000
Michael "Mike" Mele
Luke Elliott
David Perlleshi
+ 1

Florida

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Self Storage25,555 SF
Sold 02/23/2026
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Property Image
SOLD

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

2166 Drew Street

See Similar Deals
Self Storage25,555 SF
Sold 02/23/2026
Michael "Mike" Mele
Luke Elliott
David Perlleshi
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$130
Total Square Footage:25,555 SF
Transaction Type:Sale

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:

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.

Players

Michael "Mike" Mele
Cushman & Wakefield
Michael Mele
15 deals$232.3M volume(813) 462-4220
BROKER
Luke Elliott
Cushman & Wakefield
Luke Elliott
15 deals$260.3M volume
BROKER
David Perlleshi
Franklin Street
David Perlleshi
3 deals$14.5M volume(704) 251-2712
BROKER
Frank DeSalvo
Franklin Street
Frank DeSalvo
3 deals$14.5M volume(704) 251-2634
BROKER

Details

SOLD
IMAGE: Frank DeSalvo, David Perlleshi, Luke Elliott & Michael Mele DATE: 02/23/2026 ADDRESS: 2166 Drew Street MARKET: Clearwater ASSET TYPE: Self Storage BUYER: Carl Gentile & David Heil - State Storage Group SELLER: Dawn Pasqualone - Pasqualone Properties SELLER'S REP: David Perlleshi (@DavidPerlleshi_cre) & Frank DeSalvo - Franklin Street (@FranklinStreet.CRE); Luke Elliott & Michael Mele - Cushman & Wakefield (@CushWake) SALE PRICE: $3,325,000 SF: 25,555 ~ PPSF: $130 NOTE: This transaction reflects continued investor demand across the Tampa Bay MSA, with Clearwater standing out as a highly sought after market. The property was mom and pop owned and operated for over 20 years, and it was a privilege to represent the seller and earn her trust throughout the process. From launch to contract within one week, both parties were decisive. This outcome highlights the importance of real time investor intelligence and accurate pricing to drive competitive bidding and strong execution. This opportunity came as a referral from Luke Elliott and Mike Mele at Cushman & Wakefield, and it speaks to the strength of our continued partnership. Collaborative co-listing efforts like this consistently create the best outcomes for clients. David Perlleshi on the sale of Bison Storage in Clearwater with Franklin Street

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$177,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,813.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,762.20
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