Bobby Loeffler & Tyler Skelly, self-storage specialists with The Loeffler Self-Storage Group, represented the Seller, The Leong Family Trust, in the sale of Red Bluff Mini Storage – a 55,668 net rentable square-foot self-storage facility in Red Bluff, California. The property sold for $1,950,000 to Dan Kennedy of Paradise, California. Within a week of its listing, the property had received multiple offers and ultimately closed $150,000 above the asking price. The property includes 411 storage units and 75 canopied RV and parking stalls. The average unit size is over 115 square feet. The property features metal construction and sits on over 5 acres. The buyer plans to expand the facility over time and to hold the property for investment purposes.
About The Loeffler Self-Storage Group
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 sixty self-storage transactions in California and Nevada.]]>