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.

Secured Self Storage in Arnold, CA recently traded for $2.5 milllion.
Secured Self Storage in Arnold, CA recently traded for $2.5 million.

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.

Georgia
Georgia Self Storage in Valdosta recently traded hands for about $60 per rentable square foot.

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.

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Storage City sold to Pegasus Group for $5.4 million.

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.

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Sonoma Self Storage was purchased by SSTII for $6.6 million.

“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.

 

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Alexander Harris