One area of the commercial real estate industry that appears to remain in high demand is self-storage. A self-storage commercial real estate property is fitting today in Florida with many people owning more things than they are able to store at their homes. One out-of-state investor recently spent millions of dollars on a storage facility in Florida.
The self-storage facility, known as Value Self Storage, was sold to the buyer for nearly $6 million. The building spans 63,000 square feet and sits on a lot of almost three acres. It is located near well-known businesses such as Applebee's, Advance Auto Parts and PNC Bank.