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The Loeffler Self-Storage Group announces the sale of Pelandale Self Storage
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 self storage facility in Modesto, California is a 48,700-net-rentable-square-foot facility on 3.01 acres situated along Pelandale Avenue near McHenry Avenue in Modesto.  

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.

Source: http://www.ministoragemessenger.com/