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Saturday, February 11, 2012
Self-Storage

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9/8/2008Two California self-storage properties sell for $15M
by In two separate transactions, two self-storage properties in Moreno Valley and Los Angeles, Calif., have been sold for $15.05 million. In Moreno Valley, SecurCare California purchased the Self Storage Depot for $7.55 million from Moving & Self Storage Depot, LLC. The seller was represented in the deal by Stephen Grossman of Lee & Associates while SecuCare was represented in-house. The property contains 850 units and is located at 13870 Indian St. In Los Angeles, Extra Space Storage purchased the 210 Self Storage Development for $7.5 million from Morelli Brother Enterprises, LLC. Stephen Grossman also represented the seller in this transaction as well. The property is located at 12361 Foothill Blvd. Address: 13870 Indian St., Moreno Valley, Calif. - 12361 Foothill Blvd., Los Angeles, Calif. Size: 850 units Filed Under: Self-Storage | | |
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