Sold 2011

modestomini

Modesto Mini Storage

2021 Standiford, Modesto
COE: July 2011
33,850 square feet (350 units, no parking)
Cap Rate: 7.6% (Owner Financing)

Purchased Price: $1,970,000

 


ceresCeres Self Storage

2105 Fairview Blvd, Ceres, CA
COE: Aug 2011
36,725 square feet,
311 units, no parking (Cap Rate: 3.5%)

Purchased Price: $1,290,000

 


hesperia

Hesperia

16,730 Walnut, CA
COE: Dec 2011
97,322 square feet,
731 units, no parking

Purchased Price: $2,200.000

 


avenal1005 South 5th, Avenal, CA

COE: Feb 2011
30,000 square feet (224 units, 10 parking spaces)
Sold 3 years prior for $ 1,900,000
Grass income dropped $215K to 75K (Cap Rate: 5.9%)

Purchased Price: $535,000

 


carmelCarmel Valley

15 Delfino Place, Carmel Valley, CA
COE: Dec 2010
17,060 square feet
107 units, 3 parking spaces (Cap Rate: 10.8%)

Purchased Price: $1,150,000

 


napaSoscol Ferry, Napa Valley, CA

COE: Dec 2010
52,800 square feet
428 units , 100 parking spaces
Several acres of useable land
Cap Rate: 7.6%

Purchased Price: $6,450,000