Palm Beach Gardens OKs Property Sale to Storage Company for $3.8 Million

Posted: 11/5/2018 Link:
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The city will sell its public works building to a self storage company for $3.8 million, the city council decided Thursday night.

Stor-All Acquisitions LLC offered the most money for the property at 3704 Burns Road, topping a $2.6 million offer from Channing Corporation and a $2.5 million offer from North Palm Beach. All the offers exceeded the appraised value of $2.26 million.

The public works property also houses the city’s fleet operations, a sign shop and community services offices.

Palm Beach Gardens will have until July to move out and turn the property over to the new owners, according to city documents. The city expects to complete a new operations center by June. Public works and public services will work out of the operations center, which also will house emergency management staff and equipment. The city is paying for the roughly $6.7 million operations center with money generated by the penny sales tax increase.

The city will use money from the building’s sale for capital improvement projects, specifically to offset the cost of the new city tennis center, City Manager Ron Ferris said. The tennis club will cost an estimated $3.5 million.

As for the buyer, Stor-All Storage has grown into one of the largest privately held storage companies in the U.S., according to its website. Brothers Norman and Robert Anderson founded the company in 1967 to manage the self-storage facilities built by their company, Anderson Construction. The family company is based in Deerfield Beach.

Channing owns the Store Self Storage & Wine Storage on North Military Trail, where the city holds its summer GreenMarket.

The property is much larger than North Palm Beach’s public works facility on Prosperity Farms Road, according to county property records.

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