The storage facility has been acquired for $20.3 million
June 20, 2022: Merit Hill Capital LP acquired Lake Elsinore Mini Storage in Lake Elsinore, California, for $20.3 million. The 5-acre property at 29151 Riverside Drive contains 13 buildings comprising 82,734 square feet in 609 units.
The seller, a California-based LLC, was represented in the transaction by Phillips and Schlosser of the LeClaire-Schlosser Group of M&M. Merit Hill acquires, owns, and manages self-storage facilities nationwide.