TAMPA, Florida —
Franklin Street announced it successfully brokered the sale of Bison Storage in Clearwater, Florida for $3.325 million. Franklin Street represented the seller, Dawn Pasqualone in the transaction to State Storage Group. Franklin Street’s Self Storage investment sales team, David Perlleshi, managing director, Frank DeSalvo, managing director, Josh Snead, senior associate, and Justin Clark senior associate, worked on the transaction.
“This transaction reflects continued investor demand across the Tampa Bay MSA, with Clearwater standing out as a highly sought after market,” David Perlleshi, managing director, Franklin Street, said. “The property was independently owned and operated, and it was a privilege to represent this small business owner and help her achieve her goals. Investor interest was high, and the outcome highlights the importance of real time investor intelligence and accurate pricing to drive competitive bidding and strong execution.”
The property, built in 1982, had an 81% occupancy rate at the time of closing, is more than 25,000 square feet and is located at 2166 Drew Street. The Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area continues to draw strong investor interest in the self-storage sector due to its rapid population growth and favorable demographics. Ongoing in-migration, strong housing activity, and a growing renter base support consistent demand for storage across the region. As one of Florida’s fastest-growing metros, the market offers investors durable fundamentals and long-term growth potential.
“After owning Bison Storage for over 20 years and trying to sell for nearly two, Franklin Street brought the property to market and found a buyer within the first week,” Dawn Pasqualone, said. “The team guided me through every step of the process, and their communication and commitment made a complicated transaction feel manageable.”
This opportunity came as a referral from Luke Elliott and Mike Mele at Cushman & Wakefield and was a co-listed transaction. This partnership, fostered by both Franklin Street and Cushman, consistently results in best possible outcomes for clients.
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About Franklin Street
Franklin Street is a fully integrated, national commercial real estate services firm headquartered in Tampa, Florida. We combine thoughtful planning with decisive action to deliver winning results to clients nationwide. Franklin Street’s seven lines of business include Capital Advisory, Insurance, Investment Sales, Property Management, Project Management and Tenant and Landlord Representation. Founded in 2006, Franklin Street has a network of industry-leading brokers and capital partners across the country to ensure exceptional client service. Learn more about Franklin Street.
