The property has been sold for $9.8M
August 6, 2015:
iStorage, an affiliate company of Florida-based self-storage
operator has acquired 19th
Avenue Self Storage in San Francisco for $9.8 million.
The self storage facility in San Francisco comprises 800 units, some with 24-hour access.
“This is an outstanding combination of excellent location and consistently high occupancy in a very strong rental market with high barriers to entry” Dean Keller said, “This is another example of the excellent time for both self storage buyers and sellers as we are seeing historically high prices and low cost of funds in virtually all markets of California and nationwide.”
Based in Winter Garden, Fla., iStorage is a privately owned self-storage investment and management company that operates 65 facilities in 10 states.
Established in the year 2008, iStorage plans to grow through acquisitions, development opportunities, joint-venture deals and third-party management.