The self-storage facility is spread across 36,000-square-foot area in Desoto, Kansas
December 11, 2012- The DeSoto Self Storage facility was owned by bank after foreclosure about a year ago.
The self-storage facility in Desoto, Kansas was built in 2007. It has 257-unit facilities at 9520 Lexington Ave. and it was operated under the name K-10 Self Storage. The self- storage was upgraded by a new management hired by the bank. The facility was renovated to increase occupancy, which reached 68% at the time of sale.
Jon S. England of Lee & Associates in Kansas City, Kan., represented Emprise in the transaction. The facility's location between Lawrence, Kan., and the Kansas City metro area offers increased occupancy potential for the new ownership, England said.
Currently the self-storage based in Desoto, Kansas is owned by CKC Properties, a local real estate investment group. CKC Properties owns a number of self- storage facilities.