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South Florida

Miami storage facility sells for nearly $5M

5055 Northwest 77th Avenue in Miami
5055 Northwest 77th Avenue in Miami

A 58,177-square-foot property, which is home to ExtraSpace Storage, in Miami sold for $4.6 million, or roughly $79 per square foot.

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Miami Storage 18 FL LLC acquired the structure at 5055 Northwest 77th Avenue from Doral Self Storage LLC. It last sold for $2.2 million in 2008.

The facility was constructed in 1986 on a 2.5-acre site. [Daily Business Review] — Mark Maurer

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Public Storage