SkyView Advisors (SVA) is pleased to announce the sale of the University Self Storage which consists of self storage facility situated on 3 acres of land with a net rentable square feet of 37,653.
Jay J. Crotty, Managing Partner, and Thomas A. Doyle, Senior Vice President, at SkyView Advisors represented the seller, WCBB Investments & Management, Inc., in the sale of the property to the buyer, University Storage Pensacola, LLC.
"This off market deal provided the buyer the opportunity to expand their footprint in the Florida Panhandle and to continue to grow their self storage portfolio. This was an under managed facility, which provides a value add opportunity for the buyer to implement their management team to begin to grow revenue right away. The seller was pleased with the SVA process, and the proceeds from the sale," says Thomas A. Doyle.
The property is located in Pensacola, Florida. University Self Storage consists of 173 climate controlled storage units, 171 non-climate controlled storage units, totaling 344 units.
About SkyView Advisors
SkyView Advisors is a national investment sales, financing and advisory firm focused exclusively on the self storage market. SkyView clients benefit from the specialization and commitment of a boutique firm, but with the capacity and scope of a national platform. The SkyView team has extensive self storage expertise and deep industry relationships with an extensive track record, having completed more than $1.2 Billion of transactions throughout their careers. With strategic offices in Tampa, Cleveland and Milwaukee, SkyView Advisors has nationwide market coverage.