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11/14/16
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Storage Max Self-Storage, an 83.4k sf, self-storage property in Rancho Cucamonga, sold for $13.5 mil, or $162/sf. The asset, located at 8363 Foothill Blvd, was sold by a local ownership group.
Nicholas Walker represented the sellers in the deal. The self-storage industry experienced exceptional growth in 2015, and 2016 has followed suit.
“The price per square foot in this latest deal illustrates the incredibly high demand for storage facilities in good locations,” said Walker. “With residential units trending smaller in size while rents are climbing, the demand for self-storage space is tremendous.”
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