LOS ANGELES, CA – DealPoint Merrill closed escrow on May 14th, 2014 for the 53,401 SF American Mini Self-Storage facility located in central Tucson. The property, was acquired through a partnership with Realty Mogul, DealPoint Merrill and the Platinum Storage Group, and approved for expansion and immediate development in 2014.
Dealpoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. Mark Mimms of Sperry Van Ness/DealPoint Merrill Properties Corporation was the broker. First American Title Company, represented by Gregg Corlyn, handled the title and escrow for the transaction, and was financed by Towle Financial Services.