The facility has been sold for $5.1 million
June 1, 2015: Guardian Storage Centers LLC has acquired Storage Express in Temecula, Calif., from Scottsdale Commerce LLC, a private investment company.
“The self-storage market has been the fastest growing sector of the entire commercial real estate investment market. Average returns in excess of 16 percent a year over the past 10 years are fueling tremendous demand by investors,” Battle said. “We wanted the strongest bidders to be aware of and understand our buyer’s expectations. We negotiated final terms with the buyer with the best response to our counter, and closed the transaction without any re-trading from the buyer.”
Guardian Storage Centers LLC runs 39 self-storage facilities in Arizona and California.
The property at 42189 Winchester Road encompasses 47,294 square feet of self-storage space.
The two-story facility was established in the year 2004 and it features gated access, individually alarmed units and video cameras.
According to a LoopNet.com listing, the two-story facility also includes a remodeled office that sells moving and packing supplies.
Guardian Storage Centers provide free truck rental for new tenants, moving and packing supplies, and vehicle storage.
The properties also serve as electronic-waste recycling drop-off sites.
Guardian’s subsidiary, StorAmerica Management, takes care of the self-storage properties and mixed-use retail locations.
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