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December 8, 2019
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SOUTHERN CALIFORNIA NEWS
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Barker Pacific Group Venture Buys Self-Storage Property in Pomona

11/11/19

Barker Pacific Group’s (BPG) Storage Solutions division, in a joint venture with LNG Management LLC, has acquired EZ Storage Pomona, a 520-unit self-storage property, for $4.95 mil. The 44.5k sf asset was sold by E-Z Storage of Pomona L.P., a small owner/operator entity.

The property is located at 2680 N. Garey Ave in Pomona, east of the 57 Fwy roughly midway between Foothill Blvd and I-10. It includes three single-story buildings, an office with a second-story apartment and 40 outdoor parking spaces.

“The property is well-located on Garey Ave, Pomona’s main thoroughfare, with great drive-by access,” said Michael Barker, Managing Director of BPG. “It has historically performed well, and the team looks to further improve performance by investing in upgrades that will increase occupancy and rental upside.”

This acquisition marks BPG’s 14th storage transaction under its Storage Solutions banner. Earlier in 2019, the team acquired projects in Riverside, Capistrano Beach, Moreno Valley, and Beaumont. After Capistrano, this acquisition represents the second asset purchased in a joint venture with LNG Management.





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