Levin Johnston Featured in RENTV 381 307 Levin Johnston | Commercial Real Estate Advisors

Levin Johnston Featured in RENTV

Investors Snap Up Bay Area Self-Storage Facilities

Two institutional quality self-storage facilities encompassing 1,154 units in the Bay Area sold in recent transactions with a combined value of $27.8 mil. The properties are located in Sunnyvale and Fremont.

In one of the deals, a multifamily investor paid $15.5 mil for Lock It Up Self-Storage, a 517-unit self-storage facility in Sunnyvale. Built in 1987, the facility is 44.8k sf in size and is currently 97%. The property is located at 220 West Ahwanee Ave.

Continue reading…