Pogoda Companies is pleased to announce the recently closed sale of State Self Storage in Toledo, Ohio. Mark Floria, Pogoda Companies’ Self Storage Investment Broker, represented the seller in this transaction.
Sold by State Self Storage, LLC, this property consisted of 392 units, including 69 RV parking units, in 39,566 square feet of rentable space. State Self Storage presented a unique buying opportunity as it was recently converted from a large lumberyard into a storage facility and included room for expansion.
“The sale of State Self Storage demonstrated just how strong the self storage market is,” says Mr. Floria. “Despite some problems with the SBA lender attributed to the property being in lease up status, we were ultimately able to work through the issues and get the seller an extremely aggressive sales price.”
For more information regarding these transactions, please contact Mark Floria at MFloria@PogodaCo.com or 248-420-4612.
About Pogoda Companies
Pogoda Companies (PogodaCo.com) is Michigan's largest self storage operator and brokerage and one of the largest in the U.S., with over 2.5 million square feet of self storage space in Michigan and Ohio. The firm provides brokerage, management and investment services to the self storage industry through its Pogoda Group, Inc. and Pogoda Management Co. divisions based in Farmington Hills, Mich.