VICTORVILLE, CAStephen Grossman with NAI Capital’s Orange County office represented the Seller, STW Ministorage, and the Buyer, WCAL, LLC, in the sale and purchase of a 102,860 sq. ft. self-storage property located at 11622 Amargosa Road.  The value of the sales transaction was $3.3M.

“This deal is clear evidence that demand for well-priced storage properties in smaller markets is back, Investors are beginning to return to the value-add markets with a longer term investment strategy in mind,” said Grossman.

The property, built in 1985, is comprised of 102,860 rentable square feet of storage space demised into 623 units situated on 6.7 acres.  Features include high traffic street visibility on Interstate 15, concrete construction, steel doors, onsite residence, personalized gated entry and video surveillance.  The Buyer, an out of state storage company owner, plans to improve and update the property.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related cnsulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840

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