511-Unit Port St. Lucie Storage Facility Changes Hands

Stuart, FL, January 23, 2012 --(PR.com)-- Storage West, a 65,411-square-foot, 511-unit residential storage facility located at 525 SW South Macedo Blvd., changed hands for $3.1 million earlier this week. Storage West LLC hired Boyd Bradfield, President of NAI Southcoast, to market the property. Bradfield implemented an extensive marketing campaign that resulted in 10 offers—four of which were in the acceptable range.

Of these four, the Seller chose to deal with an investor from Jacksonville who owns several storage facilities throughout Florida. The Buyer, Storage West Group, LLC, plans to keep most of the existing staff, change the hours of operation and introduce processes that will make the facility even more competitive.

NAI Southcoast is the oldest Commercial and Industrial Realtor in the Stuart and Treasure Coast marketplace. As such, it is uniquely qualified to maximize the marketing of quality commercial, industrial and investment properties.

For more information about NAI Southcoast, please visit www.naisouthcoast.com.

NAI Global is the world's leading managed network of 5,000 professionals, 325 offices in 55 countries. Since 1978, our clients have built their businesses on the power of our expanding network. NAI Global’s extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naiglobal.com.

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