Nov
30
Self-Storage Demand Outpaces Supply in Northwest Florida
ByPassco Cos. and Perdew Investment Group secured a premium price for the Patriot Self Storage Portfolio in North Port.
![Patriot Self Storage of Bobcat Trail](https://media.atre.yardi.com/2/53957/images/Patriot-Self-Storage-of-Bobcat-Trail.jpg?w=271&h=203)
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…