Volta pays $23M for Office Depot-anchored retail, self-storage site
A private equity firm whose founder ran into trouble with the Securities and Exchange Commission over a decade ago bought an Office Depot-anchored mixed-use site in Hialeah for $23.1 million. An affiliate of Miami-based Volta Global, led by Marko Dimitrijevic and Jeff Evans, acquired a strip mall and a two-story big box store with a self-storage component at 5301 West 20th Avenue, records and real estate database Vizzda show. The two-story building is leased to Office Depot and A+ MIni Storage. The price amounts to $4.1 million per acre. The South Florida self-storage market is experiencing a slowdown in rent […]This article originally appeared on The Real Deal. Click here to read the full story.
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