Tampa, FL based self storage real estate firm, SkyView Advisors, is pleased to announce the sale of Extra Space Storage to FollettUSA. This was a landmark deal for SkyView, the property was extremely high profile and was featured on the cover of the SSA Globe in April 2017. Ryan Clark, Director of Investment Sales at SkyView Advisors, represented the seller.
Ryan Clark, the deal lead for this transaction stated, “This Class A property sold during lease-up at approximately 50% physical occupancy. The buyer is a new entrant into the San Antonio market and has a diverse portfolio of real estate holdings both within and outside of self storage. Our marketing process ensured that we reached all potential buyers for this deal, which is significant given the changing landscape of the buyer pool.”
Matt Garibaldi, the FollettUSA Partner who lead the transaction, added, “Working with Skyview Advisors to purchase this beautiful Class A asset was a true pleasure. Ryan and his team worked closely with us and the seller group to ensure the transaction went as smoothly as possible. Perhaps most importantly, the Skyview team conducts themselves with the utmost professionalism and attentiveness. We look forward to several more closes with Ryan and Skyview.”
Extra Space Storage is a self storage facility located in San Antonio, Texas. The facility is situated on approximately 2.7 acres of land and has a total of 93,000 net rentable square feet. The facility has 739 climate controlled units and 24 non-climate controlled units. It is located on a main road and over 22,000 cars pass by daily. The population within a 3 mile radius of the facility is over 105,000 and it is over 265,000 within a 5 mile radius.
For more information on this transaction or on SkyView Advisors, please contact Morghan Cope at MCcope@SkyViewAdvisors.com to schedule an interview with Director of Investment Sales, Ryan Clark, or SkyView President, 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 $1.8 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.