The Loeffler Self-Storage Group (LS-SG.com) recently sold Central Valley Mini-Storage located in Madera, California for $2,033,000. Bobby Loeffler and Tyler Skelly listed and sold the 344-unit property for an investment group in Los Angeles. The buyer was a seasoned self storage investor from the San Francisco Bay Area. Central Valley Mini Storage is a 31,275-net-rentable-square-foot facility on 3.0 acres located along Avenue 17 ½. The property is comprised of six single-story buildings with concrete drive isles and a standalone residence and manager’s office. The buyer plans to hold the property for investment while improving collections over time.
The Loeffler Self-Storage Group (LS-SG.com) recently sold Cedar Brook Mini Storage located in Bakersfield, California for $1,000,000. Bobby Loeffler listed and sold the 295-unit property for Cedar Brook Mini Storage LLC. The buyer, Lions Storage LLC, is based in West Los Angeles. Cedar Brook Mini Storage is a 29,085-net-rentable-square-foot facility on 1.97 acres located along South Chester Avenue. The property is comprised of seven single-story buildings with asphalt drive isles and a standalone residence and manager’s office. The buyer plans to make improvements to the property both physical and to operations.