Greg Nassir and Edward Matevosian, both of the Glendale, CA, office of CBRE, represented Southmark Storage LLC in the $16.5 million sale of Southmark Storage in South Pasadena, CA, to Los Angeles, CA-based Gelt Inc. The facility, on 1.8 acres at 919 Mission St., features 623 indoor units, 42 outdoor units and a two-bedroom manager’s apartment. Salt Lake City, UT-based Extra Space Storage has been tapped to manage the facility.
Frost Weaver and Josh Koerner, both of Weaver Realty Group LLC in Jacksonville, FL, handled the $2.68 million sale of High Springs Self Storage in High Springs, FL, to Orlando, FL-based Personal Mini Storage. The facility, on 3.9 acres at 26055 W. U.S. Highway 27, was listed at $2.88 million. It features 313 units in 38,000 square feet. The property offers expansion opportunities for covered RV and boat storage. Personal Mini Storage is a regional operator associated with Greenwood Village, CO-based National Storage Affiliates Trust. Weaver and Koerner are affiliated with the Argus Self Storage Sales Network.
Columbus, OH-based The Hatcher Group at Marcus & Millichap handled the sale of Weathervane Self Storage in Richland, MI. The names of the buyer and seller weren’t available. The purchase price wasn’t disclosed. The facility, on 8.2 acres at 7906 Gull Road, offers 324 units and 94 parking spaces in 54,462 net rentable square feet. It now operates under the U-Store Self Storage brand.
Ryan Clark of Tampa, FL-based SkyView Advisors represented the unidentified seller of an Extra Space Storage-branded facility in Edmond, OK. The name of the buyer wasn’t available. The purchase price wasn’t disclosed. The facility, on 4 acres at 17720 Griffin Gate Drive, comprises 513 units in 78,295 net rentable square feet.