The Loeffler Self-Storage Group (LS-SG.com) recently sold Safe Storage located in Carson City, Nevada for $2,850,000. Bobby Loeffler represented the buyer, A-American Self Storage Management Company, Inc. in the acquisition of the 309-unit property. Safe Storage is a 62,470-net-rentable-square-foot facility on 2.78 acres located along East Fifth Street.
The property is comprised of six single-story buildings with asphalt drive isles and a manager’s office and residence. An 8,400 square foot, two-story retail building is located in the front of the property. The current tenants include a liquor store and hair salon. The buyer plans to hold the property for investment while increasing rents over time.