Keep It Self Storage has developed several first
class storage facilities in very strong markets. This property
has incredible freeway visibility and signage and is one of the nicest storage
facilities in the area. It should
perform very well for the new owners.
The property sold on an “all cash” basis for an
undisclosed price as part of a two-property transaction valued at over $25
million. The portion of the price
allocated to this property reflected an indicated price of nearly $140 per net
square foot.
The Keep It Self Storage property is located at
16045 Foothill Boulevard along the Interstate-210 Freeway just east of the
Interstate-5 Freeway. The facility contains
approximately 81,500 net square feet of self storage space divided into over
800 units. A portion of the facility
contains climate-controlled storage spaces.
The buildings are constructed of concrete block and stucco with metal
partitions, roofs and doors.
We are proud to have brokered this first class
self storage facility. There were some
very unique aspects to this deal and everyone really worked together well to
make it happen. We appreciate that the seller recognized this is
such a unique property type that it takes a self storage specialist with proven
expertise and experience to maximize value in this very desirable property
niche.
Bancap Self Storage Group “#1 Self Storage Broker in California”
with nearly $1 billion 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.
As always, please contact me for more information at (949) 888-5355
or visit our company website at www.bancapselfstorage.com
