August 2, 2023 – Charles Moody of Horvath & Tremblay has successfully completed the sale of Glendale Mini Storage in Vero Beach, Florida. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $6,500,000.
Glendale Mini Storage is located at 900 9th Place in Vero Beach, Florida. 900 9th Place consists of two adjacent parcels (5.52-acres of land) and is improved by The Glendale Mini Storage (now Prime Storage), which was constructed in 1998 and contains twelve (12) buildings that house more than 350 storage units, and a 10,000 square foot single tenant net leased industrial building leased to Baker Distributing Company. The storage facility features units ranging in size from 5’x5’ to 10’x30’ and offers both climate controlled and non-climate controlled units. The entire facility features ground level, drive-up access with easy roll-up doors, 24-hour access, and is fully fenced and gated. The facility also has an on-site office which offers moving and packing supplies and carts and dollies for tenant convenience. Baker Distributing Company has been at this location since 2009 and has less than 1-year remaining on their lease with a 5-year renewal option. 900 9th Place is just off the heavily travelled Old Dixie Highway (FL Route 605) with signage and convenient access from Old Dixie Highway and 9th Place. The Property is well located just south of Downtown Vero Beach and provides a convenient location for area residents. Situated at the intersection of Old Dixie Highway and 9th Place, the Property is just seconds from the busy US Highway 1 corridor, 0.6-miles from a Publix anchored shopping center, 1-mile from the Vero Beach High School, and 1.5-miles from the Vero Beach City Center.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.