Burbank-based company Olive Properties LP purchased the 61,919-square-foot self-storage facility at 1038 Fir Street in Arnold, CA for $2.5 million. The facility was sold by ABC Mini Storage and operated under the name Secured Self Storage. The transaction was arranged by Bobby Loeffler and Tyler Skelly of the Loeffler Self-Storage Group.
An unidentified regional buyer purchased Georgia Self Storage, a 61,000-square-foot facility located at 5535 Bemiss Road in Valdosta, GA. The property sold for about $60 per rentable square foot, according to Dale Eisenman of MidCoast Properties, who represented the seller.
Pegasus Group, operator of Central Self Storage, purchased the 52,000 self-storage facility at 324 S. Main Street in Milpitas, CA for $5.4 million, property records show. The facility previously operated under the name Storage City and was built in 1999. The 481-unit facility was 92 percent occupied at the time of sale, according to Performance Self Storage Group, which arranged the transaction on behalf of the seller.
Public Storage purchased the 47,320-square-foot facility at 4971 Stough Road SW in Concord for $3.2 million, records show. The facility previously operated as Kodiak Mini Storage.
Ladera Ranch, CA-based Strategic Storage Trust II purchased the 37,800-square-foot self-storage facility at 19240 Sonoma Highway in Sonoma, CA for $6.6 million. The seller was Blunt Trauma LLC. The facility spans 24 buildings and offers 340 units. The facility, previously known as Sonoma Self Storage, is now managed by Extra Space Storage.
“The Sonoma self-storage acquisition gives us the best location in a market that is over 96 percent occupied,” said Michael Schwartz, CEO of SSTII in a press release.