Self-Storage Demand Outpaces Supply in Northwest Florida

Passco Cos. and Perdew Investment Group secured a premium price for the Patriot Self Storage Portfolio in North Port.
Patriot Self Storage of Bobcat TrailPatriot Self Storage of Bobcat Trail
North Port, Fla.—Passco Cos., along with its joint venture partner, Perdew Investment Group, has announced the sale of the Patriot Self Storage Portfolio, which comprises two Class A self-storage facilities totaling 1,667 units in the North Port submarket of the Sarasota-Bradenton MSA of Florida.
The properties sold for a combined $19 million. Southern Self Storage acquired the 818-unit Patriot Self Storage of Bobcat Trail at 2245 Bobcat Village Center Road, while Life Storage purchased the 849-unit Patriot Self Storage of Talon Bay at 6029 Talon Bay Drive…
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