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SkyView Advisors Announces Sale of 165,200 Square Foot Portfolio in Cleveland MSA

Posted: 11/7/2016
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Tampa, FL (November 3, 2016) - SkyView Advisors (SVA), the Tampa, FL based self storage real estate firm, is pleased to announce the sale of A-1 Store It All for $7,310,000. A-1 Store It All is a portfolio sale with two locations in Akron and North Canton. The facilities have a total of 165,200 net rentable square feet of climate and non-climate units. Ryan Clark, Senior Vice President and Jay J. Crotty, Managing Partner at SkyView Advisors represented the seller, A-1 Store It All and the buyer, Valley Storage Co.

“The SkyView team worked hard to ensure that a broad network of regional, national and new industry buyers participated in the offering. The industry is currently receiving investment from a diverse and growing buyer pool, looking to acquire self storage assets of all kinds. Many of the buyers that pursued the offering were based outside of Northeast Ohio. SkyView’s process ensured that all potential buyers reviewed the deal and our seller’s received the absolute highest price the market would bear,” says Ryan Clark, the lead on this deal.

The subject properties are situated on approximately 10.7 acres of land collectively. The Akron facility was built in 1978 and holds 710 non-climate controlled storage units with units ranging in size from 24-600 square feet. The North Canton facility was built in 1980 and holds 427 non-climate controlled units and 22 climate controlled units with units ranging from 30-300 square feet.

If you would like to discuss this deal in more detail, please contact Morghan Cope to schedule an interview with Ryan Clark or Jay Crotty.

ABOUT SKYVIEW ADVISORS

SkyView represents self storage owners in the sale of their property or portfolio and provides debt & equity solutions. SkyView brings a unique perspective to the self storage industry, and has established itself as an innovative leader in the industry, consistently raising the bar. The SkyView team has extensive self storage expertise and deep industry relationships coupled with an impressive track record, having completed more than $1.2 Billion of transactions throughout their careers. SkyView is unique from other firms in the industry with its exclusive focus on self storage, national platform, exclusive focus on representing sellers and collaborative approach to servicing clients with no internal competition. For more information about SkyView Advisors, please visit www.skyviewadvisors.com.

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