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Florida & Gulf Coast  + Central Florida  + Retail  |  October 27, 2020
David Cohen
By: David Cohen

CushWake Brokers Sale of 770-Unit Self-Storage Facility in Sanford

Cushman & Wakefield has arranged the sale of a 770-unit self-storage facility in Sanford. The sales price was not disclosed.

Located at 2728 W. 25th St., the 70,883-square-foot facility offers 770 climate-controlled units and 15 drive-up units ranging from 25 square feet to 540 square feet as well as 13 boat/RV parking spaces.

Mike Mele and Luke Elliott of Cushman & Wakefield’s Self-Storage Advisory Group represented the seller in the transaction, Preferred Realty & Development, a privately-owned development company. The buyer, Clark Properties/All Aboard Storage, acquired the property as part of their 1031 exchange option. Valley National Bank provided acquisition financing.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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