Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Life Storage, a 64,629-square-foot self-storage located in Margate, FL, according to Michael L. Glass, Regional Manager of the firm’s Columbus office. The asset sold for $12,650,000.

Brett R. Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Brett R. Hatcher and Gabriel Coe. Vice President/Regional Manager, Ryan Nee, of our Fort Lauderdale office assisted in closing this transaction.

Life Storage is located at 5185 Coconut Creek Pkwy in Margate, FL

About Marcus & Millichap (NYSE: MMI)

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com