The facility has been sold for $3,093,758
October 13, 2015: The Loeffler Self-Storage Group (www.LS-SG.com) announces the sale of Pelandale Self Storage in Modesto, California, for $3,093,758.
Bobby Loeffler and Tyler Skelly listed the 362-unit property for CGK Properties LLC. The buyer, MD Investments, based in Woodside, California was also represented by Loeffler & Skelly. The buyer paid all-cash for the infill asset.
The property contains eleven single-story buildings with concrete drive isles and a manager’s office. The buyer intends to hold the property for investment while making some capital improvements.