Strategic Storage Growth Trust Inc. recently purchased the newly converted 95,000-square-foot self-storage facility at 12321 Western Avenue in Garden Grove, CA for $18.4 million. The facility offers 900 storage units, as well as 59 RV storage spaces. The facility was recently converted from a former manufacturing building by Irvine, CA-based Progressive Realty Partners. Following the sale, the facility is now managed by Extra Space Storage.

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Progressive Realty Partners converted this Garden Grove industrial property to self-storage and sold it to Strategic Storage Growth Trust for more than $18 million.

A local investment group purchased the 122,000-square-foot Evergreen Mini Storage in Monroe, WA for $15.2 million. The 927-unit facility at 17600 147th Street SE was built in 1985, with expansions in 1987 and 1993, according to HeraldNet. The sale is believed to be the largest self-storage transaction recorded in Snohomish County, according to brokers Christopher Secreto and Jacob Becher of Marcus & Millichap.

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At $15.2 million, the sale of Evergreen Mini Storage is to be the highest recorded storage deal in Snohomish County, WA.

An out-of-state buyer purchased the 65,000-square-foot self-storage Premier Storage facility at 95 Homer Street in Commerce, GA for $4.9 million, according to Commercial Property Executive. The facility offers 441 units and was 90 percent occupied at the time of sale. The seller was represented by Dale Eisenman of Midcoast Properties.

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Premier Storage in Commerce, GA recently sold for $4.9 million.

An unnamed storage investor based in San Francisco purchased Central Valley Mini-Storage in Madera, CA for just over $2 million. The 31,275-square-foot facility is located at 25962  Avenue 17 1/2 and offers 344 units. The facility features six single-story storage buildings, storage office and a manager’s residence. Bobby Loeffler and Tyler Skelly of the Loeffler Self-Storage Group represented the Los Angeles-based investment group that sold the facility.

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Central Valley Mini Storage in Madera, CA recently sold for $2 million.

Los Angeles-based Lions Storage LLC purchased the 29,085-square-foot Cedar Brook Mini Storage facility at 3201 S. Chester Avenue in Bakersfield, CA for $1 million. The 295-unit facility features seven single-storage buildings, manager’s office and residence. Bobby Loeffler listed and sold the property on behalf of the seller, Cedar Brook Mini Storage LLC.

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Cedar Brook Mini Storage in Bakersfield, CA was recently purchased by Lions Storage LLC for $1 million.

Compass Self Storage recently purchased the 49,000-square-foot self-storage facility at 4209 Alliance Gateway Road in Forth Worth, TX for an undisclosed price. The facility is the company’s fifth location in the Dallas-Ft. Worth metro and it’s 77th location nationwide.

Cleveland-based Compass Self Storage recently purchase this facility in Fort Worth, Texas.
Cleveland-based Compass Self Storage recently purchase this facility in Fort Worth, Texas.

Magnolia Self Storage, a 31,200-square-foot facility at 2530 South Magnolia Avenue in Sanford, FL, was recently sold to a private investor for $1.5 million, local property records show. The facility offers 265 units and 25 boat and RV spaces. Brian Baldwin, Luke Elliott and Michael Mele of Marcus & Millichap’s Tampa office arranged the transaction.

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Magnolia Self Storage in Sanford, FL recently traded hands for $1.5 million.

Longhorn Self Storage, located at 22223 Kingsland in Katy, TX was sold to an unidentified, Houston-based limited liability company recently. Sale of the 334-unit facility was arranged by Dave Knobler of Marcus & Millichap’s Houston office.

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William Warren Group purchased a pair of facilities along Florida’s Gulf Coast.

Property records show The William Warren Group purchased a pair of facilities in Sarasota and Bradenton, FL, spanning a combing 182,268 square feet and 1,554 storage units. The facilities, sold by Add-A-Room Self Storage, are located at 5530 Pinkney Avenue in Sarasota and 3805 FL-70 in Bradenton. Michael Mele and Luke Elliott of Marcus & Millichap’s Tampa office arranged the transaction. Purchase price was not reported.

Alexander Harris