The property has 47,650 net rentable square feet of storage space in 319 units
January 9, 2017: Based in Glendale, California, Public Storage Inc., has recently purchased Broadview Mini Storage in Broadview Heights, Ohio.
Located on 5.7 acres, the property was constructed between 1997 and 2000, according to a press release from SkyView Advisors, the real estate firm that brokered the deal.
The buyer and the seller were represented in the transaction by Ryan Clark, senior vice president, and Jay Crotty, managing partner, of SkyView.
“Broadview Mini Storage was a high-quality, family-run asset in a desirable southern suburb of Cleveland. The deal demonstrates the ongoing strength of the market for stabilized self-storage properties in Ohio,” Clark said.
Public Storage has interests in 2,319 self-storage
facilities in 38 states, with approximately 152 million net rentable square feet. Operating under the Shurgard brand name, the company also has 218 facilities in seven European countries, with approximately 12 million net rentable square feet.
SkyView is a boutique firm specializing in self-storage acquisition, development, facility expansion and renovation, refinancing, and sales. Based in Tampa, Fla., the firm also has offices in Cleveland and Milwaukee.