Associate Advisor Mary O’Malley, CCIM, works with team to sell property for self-storage facility construction
Cape Coral, FL (September 25, 2023) – SVN Commercial Advisory Group announces the recent completion of a $1.65 million transaction involving prime undeveloped acreage at the corner of 18th St NE and Santa Barbara Blvd. in Cape Coral, FL.
Advisor Mary O’Malley, CCIM, represented the property seller, Event Horizon Realty in Palm Beach, FL. This commercial parcel comprising 1.99 acres promises great potential for the development of a three-story self-storage facility, making it a valuable asset.
Collaborating with O’Malley on this successful transaction were Nick Malagisi, SIOR of SVN Real Estate Advisors, and Hans Hardisty, CCIM, of SVN Hardisty Commercial. Their combined expertise was pivotal in the execution of this deal.
“It’s been a pleasure working with all of the players involved to bring this deal to fruition,” O’Malley said. “This transaction showcases the continued growth and investment opportunities within the Cape Coral market and the self-storage market.”
The new owner of this strategically located property is Shadowbrook Development, a real estate development and acquisition company headquartered in Longwood, FL. Shadowbrook Development recognized the potential of this site, which is situated adjacent to a thriving residential area, ensuring a steady stream of potential customers for future commercial developments.
This land deal is another sign of the self-storage industry’s strength in the Sunshine State, with its growing population, inflow of seasonal residents and favorable regulatory policies.
“There are plenty of indicators that the market here remains vibrant and will continue to do well,” she said. “That means commercial properties like this one will be in demand for the foreseeable future.”