Sold 2012

north-mercedSierra Storage – North Merced

2785 N Santa Fe, Merced, CA
COE: Feb 2012 (28,500 square feet)
265 units plus 81 parking spaces
Cap Rate: 8.5% (Owner financed 70% LTV)

Purchase Price: $1,329,049

 


south-mercedSierra Storage – South Merced

2080 Yosemite Parkway, Merced, CA
COE: Feb 2012 (21,065 square feet)
198 units, no parking spaces
Cap Rate: 8.5% (Owner financed 70% LTV)

Purchased Price: $738,382

 


sierra-ceresSierra Storage – Ceres

1736 Herndon, Ceres, , CA
COE: March 2012 (18,810 square feet)
169 units, plus 11 parking spaces
Cap Rate: 8.5% (Owner financed 70% LTV)

Purchased Price: $612,569

 


reddingRedding Mini Storage

6831 Eastside Road, CA
COE: Feb 2012 (21,500 square feet)
200 units plus 10 parking spaces
Cap Rate: 10.4%

Purchased Price: $ 650,000

 


chowchillaChowchilla Mini

120 S Chowchilla Blvd
Est COE: May 2012
27,100 square feet
177 units (Cap Rate: 7.2%)

Purchased Price: $1,250,000

 


atwaterAt Your Self Storage – Atwater

699 Green Sands, Atwater
Est COE: June 2012 (74,400 square feet)
537 units, 21 parking spaces
Cap Rate: 8.5%

Purchased Price: $2,000,000

 


north-planoNorth Plano

671 North Plano, Porterville
Cap Rate: 8.0%
On market > one year2010. 80% Class 91,000 square feet rentable
820 units, 117 parking spaces

Purchased Price: $4,500,000

 


colusaColusa Self Storage

232 units, 1.5 acres for vehicle parking
29,000 square feet rentable
90% occupied
On-site resident – 2 bedroom / 2 bath

Purchased Price: $1,220,000