The Loeffler Self-Storage Group, Inc. (LS-SG.com) recently sold Greater American Self Storage located in Yuba City, California for $4,825,000. Bobby Loeffler & Tyler Skelly listed the 711-unit property for DFRD Enterprises, LP. The buyer was Follett USA of Sacramento, California – also represented by Loeffler & Skelly.
Greater American Self Storage is a 79,802-net-rentable-square-foot facility on 4.66 acres located along Hunn Road. An additional expansion area of 0.41 acres was also included in the sale. The property is comprised of eighteen single-story buildings with asphalt drive isles and a manager’s office.
The buyer plans to hold the property for investment while stabilizing rents over time.