Bancap Self Storage Group, Inc., the “#1 Self Storage Broker in California,” announced that the firm has successfully brokered the sale of the Five Star Storage property located in the city of Vallejo in Solano County, California. Bancap Self Storage Group, Inc. was the exclusive agent for the property. No other brokers were involved in the transaction.
The property sold for $4,500,000 in an all cash transaction. Both the seller and buyer were private parties in the local area. The sale was the 8th self storage deal in California that Bancap Self Storage Group had completed in the past twelve months, which is several times more than any other real estate brokerage firm had completed during that same time period.
Five Star Storage contains 81,664 net square feet of self storage space demised into 483 units. The single story project was built in 1980 and is located on Lemon Street. The property was approximately 90% occupied at the time of the sale.
Bancap Self Storage Group is the “#1 Self Storage Broker in California” with over $850 million in completed self storage sales, including many lender-owned REO properties, numerous portfolio sales, and a record setting single property sale at over $31 million. For more information, visit the company web site at www.bancapselfstorage.com