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“Lee & Associates provides a complete range of innovative services that enables us to achieve a competitive advantage.” -Litton Industries |
LinksCalifornia Self Storage Association California Self Storage Report - January 2008 SelfStorageNet.com Current EventsCalifornia Self Storage Conference - November 8th & 9th 2007 Press ReleasesLEE & ASSOCIATES NEGOTIATES SALE OF TWO SELF STORAGE FACILITIES FOR MORE THAN $28 MILLION RANCHO CUCAMONGA, Calif.-October 18, 2007-Clifford Crowe and David Anderson of the self-storage group in the Carlsbad office of Lee & Associates, one of the largest national commercial real estate brokerage firms with regional expertise, negotiated the sale of two class 'A' self-storage facilities in Rancho Cucamonga, Calif. totaling 271,082 square feet for a consideration in excess of $28.7 million. The first property, located at 10005 Arrow Route St., sold for more than $11.7 million and is 110,972 square feet of rentable space. The second facility, located at 6599 Haven Ave., offers 160,110 square feet of storage space and sold for $18 million. Crowe and Anderson represented the buyer, Price Self Storage, and the seller, Aim All Storage, in the transaction. Price Self Storage operates other facilities throughout southern California including San Diego, Los Angeles and Azusa. Price Self Storage and Aim All Storage both offer personal storage, commercial storage, wine storage facilities and indoor Boat & RV storage. "Aim Self Storage sold the facilities to maximize their profit," Crowe said. "Price Self Storage hopes to establish dominance in the self storage market by gaining new facilities, like these class 'A' facilities." About Lee & Associates Letters of Appreciation
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