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Florida & Gulf Coast  + South Florida  + Retail  |  October 21, 2020
David Cohen
By: David Cohen

JV Snags 868-Unit Self-Storage Facility in Palm City for $14M

Cushman & Wakefield has arranged the $13.9 million sale of Safe & Sound Palm City, an 868-unit self-storage facility in Palm City. The property was acquired in a joint venture between two private LLCs.

The facility consists of 78,521 rentable square feet on approximately three acres of land. Features of the facility include 216 non-climate-controlled units, 338 upper climate-controlled units and 314 climate-controlled units, which are 94% leased. The facility is also equipped with video surveillance and electronic gating, in addition to drive-up access and a freight elevator for consumer convenience.

Mike Mele and Luke Elliott of Cushman & Wakefield represented the seller, Don Wilson of Safe & Sound, in the transaction.

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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