FORT LAUDERDALE, FL—Call it a record breaking price for South Florida self-storage. Emerald Hills Extra Closet Self Storage, a 128,797-net-rentable-square-foot, 1,970-unit self-storage facility in Hollywood, FL, just sold.
Emerald Hills fetched $18.825 million. That equates to $146 per square foot.
Michael Mele, senior vice president investments, and Luke Elliott, associate, both in Marcus & Millichap's Tampa office, represented the seller. The duo also secured the buyer.
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