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Beacon Self Storage in Oakland CA Sold for $8,800,000 to a
private investment group based in the Southern California
Performance Self Storage Group (PSSG) is happy to announce
it has recently sold Beacon Self Storage (3rd time) in Oakland CA located on 2227 San Pablo
Avenue. The property has excellent visibility from the 980 and consists of 62,125
net rentable square feet, with 954 self storage units. The property also
features multiple cell towers along with a billboard. The facility is
multi-story and at the time of sale was 70% physically rented.
Carl Touhey and Jason “Jay” Allen co-own Performance Self
Storage Group, represented both the buyer and seller. “The demand for this
asset was incredibly strong and we received multiple offers on the property in
a very short amount of time. Although the building is almost 100 years old,
buyers will line up to purchase a storage property anywhere located in the Bay
Area like this, in any condition and age. Right now there is limited inventory
of storage properties for sale in California and demand for this product type
is stronger than ever ,” Touhey said.
Performance Self Storage Group specializes in self storage
brokerage, marketing and consulting, with offices in CA and FL. www.PerformanceSelfStorageGroup.com
5 comments:
The company who bought this really made a good choice when they purchased this property. I have been looking for self storage in Houston for a few things I wont need when I move. I just came across this article when I did my search for storage. Thanks so much for sharing this article.
Wow this clearly shows the increasing profits in the storage industry. Thanks for the information! Keep posting! :D
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I cant' say enough good things about this Storage facility. We enjoy their place very much. I feel very comfortable storing my items with them. I can recommend this Storage facility with out a doubt
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