Bobby Loeffler & Tyler Skelly, self-storage specialists with The Loeffler Self-Storage Group, represented the Seller, Meritage Real Estate Development Group, Inc., in the sale of the Store More America property located in Watsonville, CA. The property contains 106,818 net rentable square-feet of storage space and is situated on just over 5.8 acres of land. The property sold for $19,350,000 to StorageMart Partners who is headquartered in Missouri. The property includes 918 units and was built in three phases (1985, 1999 and 2014). The buyer plans to hold the property for investment and intends on optimizing operations and maintaining the high level of occupancy currently achieved at the facility. For further information, contact Bobby Loeffler at 916-467-7330.
The Loeffler Self-Storage Group (LS-SG.com) is a commercial real estate brokerage firm whose sole objective is the exclusive representation of sellers and buyers of storage properties throughout the West. They are dedicated to maintaining a high degree of professionalism, and furthermore strive to uphold a reputation as industry experts with respect to valuation, transactional experience, and industry knowledge. To date LS-SG has closed over eighty self-storage transactions in California and Nevada.