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Novato, CA Self Storage Facility Sells

Posted: 10/3/2017
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Bobby Loeffler and Tyler Skelly, President and National Director of the Loeffler Self-Storage Group respectively, represented the seller, Charles & Michael McCabe, in the sale of Mac-Andy Boat & RV Storage – a 166,399 net rentable square-foot boat and RV storage facility located in Novato, California. The property sold for $5,800,000 or $34.86 per square foot. The buyer was a local RV rental and storage operator looking to expand in the area. The property features over 242 parking stalls with a limited number of enclose parking stalls. The property sits on 5.82 acres just a mile from CA-37 and two miles from US Highway 101. The property is comprised of one multi-level building with the balance comprised of open parking. The buyer plans to increase revenue by offering RV rentals in addition to storage services. For further information Bobby Loeffler can be reached at 916-467-7330, or Bobby@LS-SG.com.

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