The facility has been sold for $2.8M
September 9, 2015: Lakeside Storage I LLC, a California-based limited-liability company that manages 12 SuperStorage locations in the Central Coast and Southern California recently purchased Lakeside Self Storage in Lakeside, California.
The property contains 43,675 square feet of storage space in four buildings. According to the source, the new owner plans to modernize and upgrade the self storage
According to the source report, the seller was Sandoval Construction Inc., which took back a trust deed for $2M.
Clifford Crowe, principal of commercial real estate firm Lee & Associates, and Garret Sholer, vice president of investments in the firm’s Carlsbad, California, office, represented both parties in the transaction.
In addition to residential and commercial self-storage, SuperStorage facilities act as drop-off locations for electronic waste as well as collection sites for Cell Phones for Soldiers, a non-profit organization that provides communication services to active-duty military members and veterans.
The company donates a portion of the proceeds from the e-waste collection effort to Project Surf Camp in Morro Bay, California, which offers ocean-experience therapy to adults and kids with special needs.
Visit http://www.insideselfstorage.com/ for more detail.