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SkyView Advisors Announces Sale of 57,000 Square Foot Facility in Cleveland MSA

Posted: 12/15/2016
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 SkyView Advisors (SVA), the Tampa, FL based self storage real estate firm, is pleased to announce the sale of Lake Road Self Storage. This property is located in Sheffield Lake, Ohio and offers 57,000 net rentable square feet of non-climate controlled units.

Ryan Clark, the Deal Lead for this transaction stated, “Lake Road Self Storage attracted a diverse buyer pool of regional and national buyers, demonstrating the current strength of the Northeast Ohio self storage market. The SkyView process ensured that our sellers achieved value for the expansion potential of their property, maximizing its market value.”

The subject property, located at 5360 Lake Road in Sheffield Lake, Ohio, is situated on approximately 8.61 acres of land. Built in 2004, this facility has 418 non-climate controlled storage units along with 41 parking spaces. The property had a great expansion potential with approximately 1.25 acres of land zoned for retail or office space, and 32,800 square feet zoned for self storage expansion.

If you would like to discuss this deal in more detail, please contact Morghan Cope (mcope@skyviewadvisors.com) 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 in the industry with its exclusive focus on self storage, team based approach to servicing clients with no internal competition, exclusive focus on sell-side representation, and standardized 252-point proprietary process. For more information about SkyView Advisors, please visit SkyViewAdvisors.com

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